Kim Youngjin of DP: "Those Who Introduced Leveraged ETFs Must Be Held Accountable... Can't Just Let It Pass"

"Too short-sighted and unprepared"

"Tremendous shock to market participants"

Kim Youngjin, a member of the Democratic Party of Korea, pointed to the issue of single-stock leveraged ETFs—which has been identified as one of the reasons for President Lee Jaemyung's declining approval ratings—stating, "Those who introduced them were too short-sighted and implemented them without adequate preparation, which caused a tremendous shock to market participants." He asserted that those responsible should be held accountable.

"Tremendous shock to the market...Need to consider Cabinet reshuffle and personnel changes"

Kim Youngjin, known as an original pro-Lee Jaemyung faction member, appeared on MBC Radio’s “Kim Jongbae’s Focus” on the 27th. When asked whether those who were involved should step down from their posts, he replied, “We need to make broad assessments and decisions, starting from measures like that. Just letting it pass would not be appropriate. A certain level of responsibility is necessary,” expressing this position.

Regarding whether the officials involved in the introduction of single-stock leveraged ETFs could be included in the next Cabinet reshuffle, he said, “While personnel decisions are the prerogative of the president, it is necessary to carefully consider the various sentiments and circumstances of the public and to deliberate on the areas related to Cabinet reshuffles and personnel changes.”

"Significant backlash after introducing tax policy without supply"

Regarding the real estate issue, Assemblyman Kim said, “We should have prepared tax policies as a supplementary measure after significantly expanding the real estate supply policy. However, there was considerable backlash because tax policies were introduced first without any supply policy in place.”

He further pointed out the need for measures to boost President Lee’s approval ratings, saying, “People’s approval ratings will only rise if they feel their lives have improved as a result of Democratic Party and Lee Jaemyung administration policies, so a temporary event will not easily lead to a rebound in approval ratings.”

He added, “The boom caused by the semiconductor cycle has not yet reached the point of fundamentally improving the lives of the public. We need to propose and implement countermeasures that can genuinely improve jobs and the livelihoods of ordinary people.”

Meanwhile, Park Sunwon, another pro-Lee member and Supreme Council member of the Democratic Party, also discussed President Lee’s declining approval ratings on SBS Radio’s “Kim Taehyun’s Political Show” that day. He said, “There are livelihood and public safety issues, such as those involving the police, which have intersected and amplified public sentiment. We are viewing the situation with a great deal of seriousness and concern.”

This content was produced with the assistance of AI translation services.