Kim Byoung-hwan, the chief of the Financial Services Commission (FSC), said in a press briefing that stock short selling should restart across the board on March 31 as long as no systematic problems are found.“We previously allowed the partial resumption of short selling only on stocks with high foreign investor holdings,” said Kim.“But we have updated related systems and regulatory rules for over one year, meaning no reason exists to limit short selling.”This will be the first time Korea will allow shorting on all listed stocks since March 2020 when the financial authorities imposed a blanket short-selling ban to contain extreme market volatility in the face of the COVID-19 outbreak.
South Korea will allow short selling on all listed stocks in the country next month as planned, said the chief of the country’s financial regulator on Monday, reiterating the importance of lifting the blanket shorting-selling ban to make foreign investors return.
The FSC was said to have discussed banning short sales of only select stocks that fall 15-20% from the previous three-month average.“Foreigners will return only when they are given clear guidelines on short selling along with the full resumption of short selling,” advised an official in the capital market.
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