S.Korea needs to allow short-selling for all listed stocks: FSS chief

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S.Korea needs to allow short-selling for all listed stocks: FSS chief - Korea Economic Daily

Quick Summary:

BLANKET SHORT-SELLING BANThe Financial Services Commission (FSC), Korea’s top financial regulator, said last year that it would resume short-selling at the end of March 2025 after revising relevant rules to level the playing field between retail and institutional investors and strengthening fines and punishments for illicit trading practices.

Emerging from a forum on improving the stock market infrastructure held at the Korea Exchange, he stressed the need for a resumption of short selling across the board.“We understand there are concerns about fully reinstating short-selling practices, given that there are so-called zombie companies.

In November 2023, the government imposed a blanket stock short-selling ban after some foreign banks were found to have executed a substantial amount of naked short sales, which is illegal in the country.