South Korea’s ETF market is expanding rapidly, but 22 products had been delisted or flagged for delisting this year as of the 27th, while 127 new ETFs were listed. Fifteen of the 22 cases involved failure to maintain total net assets of at least 5 billion won, or about $3.6 million. Separately, Korea Exchange disclosures recorded 584 filings for breaches of active ETF correlation requirements from January through the 26th of the month; after excluding five products already delisted, 14 ETFs from nine asset managers repeatedly filed breach disclosures, including 267 filings involving funds facing delisting risk despite generating excess returns. Under current rules, active ETFs can be delisted if their correlation coefficient with a benchmark remains below 0.7 for three consecutive months. The rules are prompting debate over whether South Korea should permit fully active ETFs without index-tracking obligations, while a broader delisting overhaul has raised concerns that profitable companies could be removed alongside distressed ones.