South Korea’s ETF market is expanding rapidly, but 22 products have been delisted or flagged for delisting this year, according to electronic disclosures filed with the Korea Exchange as of the 27th. With 127 new ETFs listed during the same period, roughly one in six new products has been removed or is at risk of removal. Fifteen of the 22 cases involved failure to maintain total net assets of at least 5 billion won, or about $3.6 million, under the applicable rules. Other removals involved active ETFs failing to maintain a correlation coefficient of at least 0.7 with their benchmark for three consecutive months. Five additional delisting-trigger disclosures were filed this month, with three Kiwoom products scheduled for removal next month. Industry officials and analysts say rapid thematic product launches, short-term trend chasing, weak capital inflows and South Korea’s correlation rules for active ETFs are contributing to the churn. Investors holding delisted ETFs face mandatory redemption and possible tax consequences, making total-net-asset trends and an asset manager’s product stewardship important considerations beyond recent returns or theme popularity.