The Democratic Party emphasized on August 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.
After a Supreme Council meeting at the National Assembly, spokesperson Kang Jun-hyun stated, "The government is also working to devise 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."
Spokesperson Park Ji-hye criticized the People Power Party for linking the leverage ETF issue to a national investigation or special investigation, calling it a political offensive. She stated, "It is inappropriate to politicize the situation when there are people suffering."
Meanwhile, People Power Party spokesperson Park Seong-hoon announced on August 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 vowed to uncover who ignored warnings about the risks and who evaded responsibility.
He also called for the dismissal of Policy Chief Kim Yong-beom, stating, "He keeps making evasive excuses, saying, 'Our market is not the only one affected,' and 'Leverage ETFs are not the only cause.'"
* This article has been translated by AI.
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