The Rebuilding Korea Party has called for the resignation of Lee Eok-won, chairman of South Korea’s FSC (financial market regulator), over the introduction of single-stock leveraged ETFs (funds targeting amplified daily returns). The demand followed President Lee Jae-myung’s acceptance of former presidential policy chief Kim Yong-beom’s resignation, which came amid allegations that Kim helped drive approval of products linked to Samsung Electronics and SK Hynix. The products, launched in late May, were designed to deliver twice the daily return of their underlying stocks, exposing retail investors to substantially higher volatility and losses than conventional ETFs. Rebuilding Korea Party spokesperson Lim Myung-hee said Kim’s departure acknowledged responsibility for the failure of government-directed finance but argued that accountability should extend to the FSC. She criticized the regulator for raising margin requirements, limiting leverage and imposing investment restrictions only after investor losses had surged, and for advising investors to act prudently under their own responsibility. Kim’s resignation followed a criminal complaint alleging abuse of authority, coercion and obstruction of business, as well as political pressure over the government’s August real estate tax reform package. It also came two days after a cabinet reshuffle affecting six ministerial-level posts, including finance, defense, justice and land. Recent polls put President Lee’s approval rating below 40% for the first time since his inauguration, while analysts have linked weaker support to public distrust of economic and financial policy. The opposition is expected to pursue broader accountability, potentially including institutional reforms at the National Assembly level. The FSC has introduced higher margin requirements and leverage caps, but critics say those measures cannot reverse losses already suffered by investors.