The Democratic Party emphasized on October 3 that while the issue related to leverage ETFs is serious, it does not warrant a national investigation as claimed by the People Power Party.
Kang Jun-hyun, the party's chief spokesperson, spoke to reporters after a Supreme Council meeting, stating, "The government is working on measures, and we are considering various options at the political and policy committee levels." He added, "We will ensure that the government and the National Assembly prepare measures promptly."
Park Ji-hye, another spokesperson, criticized the People Power Party for linking the leverage ETF issue to a national investigation or special investigation, calling it a political offensive. She expressed, "It is inappropriate to politicize the situation when there are victims among the public."
Meanwhile, Park Seong-hoon, the chief spokesperson for the People Power Party, announced on October 1 that they would pursue a national investigation into single-stock leverage ETFs, which have been identified as a factor in the recent sharp fluctuations in stock prices. He stated, "We will thoroughly investigate who ignored warnings about the risks and who evaded responsibility."
He also called for the dismissal of Policy Chief Kim Yong-beom, stating, "His excuses that 'our market is not the only one' and 'leverage ETFs are not the sole cause' are evasive."
* This article has been translated by AI.
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