"[South Korea Financial Commission Responds to Controversy: Single Stock Leveraged ETFs Are Not the Cause of Market Volatility] Deep Tide TechFlow reports, on July 17, according to Yonhap News Agency, the South Korea Financial Services Commission (FSC) stated that single stock leveraged ETFs have played a significant role in preventing capital outflows to overseas markets. The FSC also pointed out that the volatility of semiconductor stocks in the U.S. and Japan has similarly increased recently, addressing the controversy surrounding claims that single stock leveraged ETFs are the 'culprit' behind the recent surge in volatility in the South Korean stock market. Byun Je-ho, Director of the FSC Capital Markets Bureau, stated: 'Some investment demand that originally flowed to overseas markets has returned domestically, and it has indeed helped prevent additional funds from flowing abroad.' He further commented: 'I believe that the increased volatility in the South Korean 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 shifts in global semiconductor industry outlooks and concerns have led to the expanded volatility of related products.'" (Jin10)