As per recent reports, Kim Yong-beom, who serves as the Director of the Policy Office at the South Korean Presidential Office, is now officially facing criminal accusations. These charges stem from his alleged role in advocating for the introduction of leveraged ETFs that are tied to specific semiconductor stocks. The accusations leveled against him encompass a range of offenses, including the misuse of authority, coercion, and interference with business operations. It is widely believed that these leveraged ETFs, which focus on individual stocks, have significantly amplified market volatility, ultimately leading to substantial financial losses, amounting to billions of dollars, for investors. The individual bringing forth the accusations has highlighted that Kim Yong-beom directed financial regulatory bodies to explore the possibility of launching these types of products. Despite being fully cognizant of the inherent risks, the Financial Services Commission moved forward with the implementation of the plan. At present, the criminal allegations against Kim Yong-beom are still awaiting a formal inquiry by the prosecution.