[South Korea's Financial Services Commission Responds to Controversy: Single-Stock Leveraged ETFs Are Not the Culprit Behind Stock Market Volatility] Odaily Planet Daily News - According to Yonhap News Agency, the South Korean Financial Services Commission (FSC) stated that single-stock leveraged ETFs have played a significant role in preventing capital outflows to overseas stock markets. The FSC also pointed out that the volatility of U.S. and Japanese semiconductor stocks has similarly increased recently and responded to the controversy over claims that single-stock leveraged ETFs are the 'culprit' behind the recent surge in volatility in South Korea's stock market. Byun Je-ho, Director of the FSC's Capital Markets Bureau, said: 'Some investment demand that would have flowed to overseas markets has returned domestically, and it has indeed helped prevent additional funds from continuing to flow abroad.' He also stated: 'I believe that the increased volatility in South Korea's stock market since the product's launch cannot be solely attributed to single-stock leveraged ETFs. Given the high concentration of funds in the South Korean market on Samsung Electronics and SK Hynix, the repeated fluctuations in global semiconductor industry outlooks and concerns have led to increased volatility in related products.' (Jin10)