Korea's recent stock market turmoil has reignited debate over whether the country's equity market is becoming "uninvestable," but analysts said Wednesday the recent sell-off has done little to undermine its underlying fundamentals. The assessment follows a Bloomberg column published the previous day, which blamed the government's handling of single-stock leveraged exchange-traded funds (ETFs) tied to Samsung Electronics and SK hynix for undermining investor confidence. The sharp criticism prompted the Financial Services Commission (FSC) to issue a rare rebuttal late Tuesday, rejecting the article's claims and defending Korea's market fundamentals. "The column reflects some of the concerns foreign investors have, but I think it overstates the case," Shim Jong-min, head of Korea Research at CLSA, told The Korea Times. He said the introduction of single-stock leveraged ETFs became a major catalyst for the market's sharp swings, but stressed they were only one part of a much broader picture. According to Shim, the correction was driven by a combination of factors, including the unwinding of c