The resignation of Kim Yong-beom, chief policy secretary to President Lee Jae Myung, should not be treated as merely another personnel change. It should be a warning — and an opportunity — for the Lee administration to reassess the way it formulates and implements economic policy. Kim resigned on Monday, and Lee accepted his resignation, about 15 months after Kim was appointed as the administration’s first chief policy secretary. His departure came amid growing criticism over economic and financial policies, particularly the introduction of single-stock leveraged exchange-traded funds (ETFs) and mounting concerns about market volatility and investor losses. The timing is significant. Only two days earlier, the administration had announced a Cabinet reshuffle in which Kim had initially remained in his post. His subsequent resignation suggests that the government could no longer ignore growing calls for accountability. The episode raises a more fundamental question: Who ultimately takes responsibility when a major government policy produces consequences that were not adequately ant