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| ▲ Kim Joo-hyun (R), head of the Financial Services Commission (FSC), and Lee Bok-hyun, chief of the Financial Supervisory Service, hold a joint press conference at the government complex in Seoul on Nov. 5, 2023, to announce the FSC will temporarily ban stock short selling until the second half of next year, amid efforts to crack down on illegal short selling by global investment banks. (Yonhap) |
regulator-stock short selling
Top regulator hints at extending stock short selling ban
SEOUL, Nov. 9 (Yonhap) -- The head of South Korea's financial regulator on Thursday hinted at extending a ban on stock short selling, saying he would "consider many issues" over a possible extension.
"I believe we will have to consider many issues if the current situation does not improve," Financial Services Commission (FSC) chief Kim Joo-hyun said when asked about the possible extension of the short selling ban during a parliamentary audit session.
Financial authorities began banning stock short selling from Monday, citing market volatility and illegal short selling practices adversely affecting market stability.
The measures are effective until the end of June next year.
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