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Kim Resigns as Pressure Mounts on Lee | South Korea News
President Lee Jae Myung has accepted the resignation of his policy chief, Kim Yong-beom, amid mounting political pressure over controversial leveraged ETFs and housing policies. Kim, who helped steer economic recovery since 2025, faced backlash after admitting he personally inquired about the ETFs tied to giants like Samsung, which critics say fueled market instability. His comments blaming retail investors for volatility and calling high rates “the price of success” further inflamed tensions. As President Lee’s approval ratings plummeted into the high thirties, internal party calls for…
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