Ahn Cheol-soo Urges Delisting of 2 Leveraged ETFs Tied to Samsung and SK Hynix
Updated
Updated · Bloomberg · Jul 6
Ahn Cheol-soo Urges Delisting of 2 Leveraged ETFs Tied to Samsung and SK Hynix
1 articles · Updated · Bloomberg · Jul 6
Summary
Ahn Cheol-soo on Monday called for strong corrective steps, including delisting leveraged ETFs linked to Samsung Electronics and SK Hynix, escalating political pressure on the products.
The People Power Party lawmaker said the single-stock leveraged funds have turned the Kospi into a “casino” and called them a complete policy failure.
Ahn argued the ETFs are eroding trillions of won in corporate value and public wealth, sharpening a broader backlash in South Korea over the risks of such products.