TradingKey – During the Asian trading session on July 6, Ahn Cheol-soo, a lawmaker from the People Power Party and former presidential candidate, publicly posted on social media, referring to the Korea Composite Stock Price Index (KOSPI) as a “casino” and calling for strong measures, including delisting, against leveraged ETFs tracking Samsung Electronics and SK Hynix.

This is not an isolated complaint. With the South Korean stock market experiencing several sharp fluctuations this year, the attitudes of both the Financial Supervisory Service (FSS) and the Bank of Korea are shifting. A liquidation targeting tens of billions of dollars in leveraged products now appears increasingly imminent.

In his post, Ahn Cheol-soo described these…