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According to the Korean News Agency, the Financial Services Commission (FSC) of South Korea has stated that single stock leverage ETFs have played a significant role in preventing funds from flowing into overseas stock markets. The FSC also pointed out that the recent volatility of semiconductor stocks in the United States and Japan has also significantly increased, responding to external allegations that single stock leverage ETFs are the "culprit" behind the recent intensification of stock market volatility in South Korea. Byun Je-ho, Director of the Capital Markets Bureau at the FSC, stated, "Some of the investment demand that originally flowed into overseas markets has returned to the domestic market, and indeed it has played a role in preventing additional funds from continuing to flow overseas." He also said, "I believe that the recent increase in stock market volatility in South Korea cannot be solely explained by single stock leverage ETFs. In the context of the Korean market being highly concentrated in Samsung Electronics and SK Hynix, the continuous fluctuations in global semiconductor industry expectations and concerns have led to increased volatility in related products."