Kim Jae-seop, a lawmaker from the People Power Party, stated on October 12 that he is "certain of the Blue House's involvement" in the controversy surrounding the introduction of single-stock leverage exchange-traded funds (ETFs), targeting President Lee Jae-myung and former presidential policy chief Kim Yong-beom. He also predicted an acquittal for Seoul Mayor O Se-hoon in his upcoming appeal ruling scheduled for the 23rd.
During an appearance on YTN Radio's 'Jang Sung-cheol's News Myung-dang,' Kim expressed his views on the single-stock leverage ETF issue. He remarked, "The evidence of direct or indirect involvement by the Blue House in the introduction of single-stock leverage ETFs is too clear. I am confident that it is the Blue House involved in this situation," adding that both President Lee and Kim are implicated.
He criticized the Financial Services Commission, stating, "The commission has taken the blame on behalf of the Blue House." Kim noted that Financial Services Commission Chairman Lee Ok-yeon apologized for the introduction of the single-stock leverage ETFs, while Vice Chairman Kwon Dae-young was promoted to first vice minister of the Ministry of Economy and Finance. He questioned whether the commission was acting correctly or incorrectly, saying, "They are wavering on whether they did well or not."
Kim emphasized that while the Blue House has distanced itself, the Financial Services Commission has taken the lead, and someone has been promoted in this situation, insisting that the Blue House must clarify its position. He warned that the controversy over the single-stock leverage ETFs could become a long-term issue for the administration.
Regarding the selection of witnesses for the National Assembly's Political Affairs Committee's audit, he pointed out that the opposition proposed about eight to nine witnesses related to the single-stock leverage ETFs, but none were accepted. He criticized the ruling party's intentions, stating, "It is clear that they want to create a 'meaningless audit.'"
Additionally, he remarked, "On the first day of the audit, opposition lawmakers were with the police, and the former chief did not attend," calling it "comedic." Earlier, Kim had appeared before the police for questioning regarding allegations involving former Democratic Party mayoral candidate Jeong Won-o's trip to Cancun, Mexico.
Meanwhile, regarding the upcoming appeal ruling for Mayor O on the 23rd, he asserted, "There will definitely be an acquittal." Kim explained, "The case involving former President Yoon Suk-yeol and Myung-tae Kyun (related to the provision of free public opinion polls) was also overturned in the second trial. The same court and legal principles apply here. Although Mayor O was convicted in the first trial, I believe he will be acquitted in the second trial."
* This article has been translated by AI.
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