(2nd LD) Presidential policy chief Kim resigns

Kim Yong-beom, chief of staff for policy, has resigned from his post. According to presidential spokesperson Kang Yu-jung, Kim tendered his resignation on Monday and President Lee Jae Myung accepted it on Tuesday.

Kim had been in the role for about 15 months, having been appointed as the first presidential policy chief of the Lee administration.

His resignation comes amid speculation that he is taking responsibility for mounting public criticism over financial market turmoil surrounding single-stock leveraged exchange-traded funds (ETFs), according to The Korea Times.

Brief written by urgent.news from The Korea Times, The Korea Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.