Presidential chief of staff for policy Kim Yong-beom submitted his resignation on August 31, and President Lee Jae Myung accepted it on September 1, presidential spokesperson Kang Yu-jung said. Kim had been appointed in June 2025 as the Lee administration’s first policy chief. His departure followed controversy over single-stock leveraged exchange-traded funds, with opposition lawmakers alleging he instructed financial authorities to introduce products tied to individual chip stocks. Speculation also linked his resignation to financial-market turmoil and worsening public sentiment.