The People Power Party in South Korea acknowledged on February 20th that Financial Supervisory Service (FSS) Governor Lee Chan-jin approved a hasty review of single-stock leveraged exchange-traded funds (ETFs). This admission comes amidst growing controversy regarding the rapid introduction of these financial products. The People Power Party confirmed they are moving forward with plans to pursue a special prosecutor’s investigation into the matter, re-emphasizing their commitment to uncovering the full extent of any irregularities. The concerns center around the potential risks associated with these leveraged ETFs and the speed at which they were approved for listing. The decision by Lee Chan-jin, as acknowledged by the party, has spurred calls for greater scrutiny. The investigation will focus on the processes and influences surrounding the ETF’s approval in Seoul. This development intensifies the ongoing debate about financial oversight and regulatory practices in South Korea.