“The country has turned into a casino,” People Power Party lawmaker Lee Jongwook told Koo during the hearing. “These are products that should never have been allowed onto the market. I consider this a policy failure.” - South Korea politicians are using the 2x ETF to hammer administration (altho let's be real the reason there was a bubble and a pullback is bc AI mania drove massive interest in memory chip makers, the 2x ETF didn't do that, it was merely one vehicle to access). On flip, SK may not be the best mkt for 2x single stock ETFs bc the underlying stocks aren't as liquid so tail can wag dog easier, but again, no one is gonna buy tail unless they want the dog, and in this case everyone wanted memory chip stock exposure at same time around world bc of AI that's the heart of matter.(Eric Balchunas)