Woofun AI reports that Seoul Mayor Oh Se-hoon issued a statement criticizing the Korean government for permitting leveraged derivative products that have induced severe volatility in the domestic stock market. Oh highlighted that the KOSPI index has activated the program trading circuit breaker mechanism 37 times this year, a figure that exceeds the 26 triggers recorded during the entire 2008 global financial crisis. The mayor asserted that authorities approved these high-risk single-stock leveraged derivatives despite being aware of the dangers, allowing retail investor assets to diminish without intervention. He urged the immediate formulation of fundamental countermeasures and rejected President Lee Jae-myung’s proposal for aggressive debt reduction as insufficient.