[South Korean Government Official: Single Stock Leveraged ETF Scale Exceeds 10 Trillion Won, Delisting Measures Difficult to Implement] Deep Tide TechFlow reports that on July 19, according to South Korean media KBS, Kim Yong-beom, the Policy Director of the Presidential Office, stated in an interview with KBS TV that regarding the recent controversy over stock market volatility caused by single stock leveraged ETFs, the government will study additional improvement measures. However, realistically, it is difficult to implement delisting measures. Currently, the scale of single stock leveraged ETFs has exceeded 10 trillion won, and investors have already participated in trading. Forcibly delisting these products "would itself cause a significant shock to the market," making delisting impractical. These products were launched after thorough discussions, not only to meet investment demand but also to attract overseas market funds back to the South Korean market as part of policy objectives, rather than being a policy mistake. Kim Yong-beom pointed out that these products have structural risks and still require further optimization, particularly in the management mechanism for the "tracking error" between the ETF and the price of the underlying asset. Leveraged ETFs, in order to maintain their target multiples, may engage in concentrated trading during periods of rapid market fluctuations, thereby intensifying selling pressure in a short period of time. Regulatory agencies, asset management companies, and securities firms need to further discuss how to reduce the impact of these products on the market during specific periods, including whether adjustments should be completed within 30 minutes, whether the adjustment time can be extended, and whether risk management can be conducted through other derivative instruments.