[The Scale of Single-Stock Leveraged ETFs in South Korea Exceeds 10 Trillion Won, Delisting Measures Difficult to Implement] Odaily Planet Daily News – Kim Yong-beom, Chief Policy Secretary of the South Korean Presidential Office, stated today that regarding the recent controversy over single-stock leveraged ETFs causing stock market volatility, the government will study additional improvement measures. However, practically speaking, 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 them would "itself cause a significant shock to the market," making delisting unrealistic. These products were launched after thorough discussions, not only to meet investment demand but also with the policy goal of attracting overseas market funds back to the South Korean market, 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 ETFs and the prices of underlying assets. 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. 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. (KBS)