The People Power Party and Seoul Mayor Oh Se-hoon demanded that President Lee Jae Myung apologize and disclose who was responsible for policies they blamed for a sharp KOSPI decline. PPP senior spokesperson Choi Bo-yun said the government and ruling party had promoted the index’s rise as a political achievement through what he called index politics, then avoided responsibility when markets fell. Oh said the KOSPI’s advance above 8,000 before the local elections and its subsequent plunge were linked to government intervention, including raising the National Pension Service’s target domestic-equity allocation to 20.8% from 14.9% six days before the vote and approving products tracking twice the daily moves in Samsung Electronics and SK hynix shares a week earlier. The KOSPI fell 8.52% to 4,924.61 at 9:03 a.m. on November 6, three minutes after opening, triggering a circuit breaker, before recovering to close at 5,059.69. Oh said nine of the 11 main-board circuit breakers triggered this year occurred in the five months since the June local elections. He called for a full accounting of the decisions and responsibility for them, while Lee separately urged supporters not to engage in political worship, blind faith, extremism or factionalism.