[Leverage ETFs Spark Market Volatility Controversy, Senior Official at South Korea's Presidential Office Faces Criminal Charges] According to Deep Tide TechFlow on August 3, citing South Korea's *JoongAng Ilbo*, Kim Yong-beom, the Policy Chief of South Korea's Presidential Office, has been accused of abuse of power, coercion, and obstruction of business for allegedly pushing the listing of leverage ETFs tied to a single semiconductor stock. A formal criminal complaint has been filed against him. These single-stock leverage ETFs are believed to have exacerbated market volatility and caused investors to suffer billions of dollars in losses. Lee Jong-bae, a former conservative Seoul city councilor backed by the opposition People Power Party, stated that he submitted a criminal lawsuit against Kim Yong-beom to the Supreme Prosecutors' Office on Monday through the government's online petition system. Lee Jong-bae claims that Kim Yong-beom had directly instructed financial regulatory authorities to consider launching leverage ETF products tied to a single chip stock. Lee Jong-bae further alleged that the Financial Services Commission (FSC) has been internally reviewing a plan since January to establish the necessary regulatory framework and systems in the second quarter, with the aim of launching these products in the second half of the year. Lee Jong-bae stated, 'Without Kim Yong-beom's instructions, financial regulators would not have rushed to launch leverage ETFs tied to a single semiconductor stock ahead of the election, ignoring severe market risk warnings.'