South Korea's presidential office confirmed on Sept 1 that policy chief Kim Yong-beom submitted his resignation yesterday, which was approved by President Lee. Kim faces criminal charges over launching leveraged ETFs linked to a single semiconductor

2026-09-01

South Korea's presidential office confirmed on Sept 1 that policy chief Kim Yong-beom submitted his resignation yesterday, which was approved by President Lee. Kim faces criminal charges over launching leveraged ETFs linked to a single semiconductor stock — accused of abuse of power, coercion and obstruction — products blamed for amplifying market volatility and inflicting tens of billions of dollars in investor losses.