[South Korean Lawmaker Warns KOSPI Index Has 'Turned into a Casino,' Calls for Delisting of Leveraged ETFs] Odaily Planet Daily News – Concerns over the risks of single-stock leveraged ETFs are growing among South Korean lawmakers, with an opposition lawmaker calling for the delisting of such products. On Monday, Ahn Cheol-soo, a conservative People Power Party lawmaker and former presidential candidate, posted on social media urging strong corrective measures, including delisting, for South Korean leveraged ETFs tracking Samsung Electronics and SK Hynix. He wrote that the Korea Composite Stock Price Index (KOSPI) has 'turned into a casino,' and such products represent a 'complete policy failure, eroding trillions of won in corporate value and national wealth every day.' His remarks have heightened concerns among policymakers and investors about the risks associated with these ETFs. These products aim to deliver twice the returns of their underlying stocks, but their mechanical rebalancing process forces them to buy more when prices rise and sell more when prices fall, potentially amplifying market volatility. (Jin10)