Ahn Cheol-soo, a lawmaker from South Korea's People Power Party, has called for the delisting of leveraged ETFs tracking Samsung Electronics and SK Hynix, citing concerns that the KOSPI index is becoming overly volatile and likening it to a "casino." These ETFs have attracted approximately 212 trillion won, with Samsung and SK Hynix comprising about 60% of the KOSPI's market capitalization. The leverage mechanism in these ETFs is blamed for increasing index volatility, leading to multiple "sidecar" and circuit breaker activations in the South Korean stock market this year. The Bank of Korea and financial regulators have expressed concerns that these products could heighten market concentration and lead to significant losses for retail investors. The National Assembly is currently considering regulatory measures, including the potential delisting of these ETFs.