SEOUL, April 6 (Korea Bizwire) — Short selling activity in South Korean amounted to 6.4 trillion won (US$4.38 billion) in the first week after a more than a yearlong ban was lifted, the bourse operator said Sunday. Last Monday, short selling was allowed for all listed firms following a suspension imposed in November 2023 after [...]
SEOUL, March 24 (Korea Bizwire) — After an unprecedented 18-month suspension, South Korea will fully resume short selling on March 31, marking the first time since March 2020 that the practice will be allowed for all listed stocks. The move comes despite mixed results from the country’s longest-ever ban on short selling, which failed to deliver [...]
SEOUL, Apr. 25 (Korea Bizwire) – South Korea unveiled a plan Thursday to detect illegal stock short selling via a centralized monitoring system after it banned such trades in November last year. Under the plan, the Korea Exchange, the country’s bourse operator, will set up a monitoring system to detect illegal trades that short stocks [...]
SEOUL, Jan. 3 (Korea Bizwire) – The vice chief of South Korea’s financial regulator said Wednesday authorities will set up a computerized system to crack down on naked short selling, in a bid to promote a level playing field for stock investments. Kim So-young, vice chairman of the Financial Services Commission (FSC), said the country [...]
SEOUL, Nov. 14 (Korea Bizwire) — President Yoon Suk Yeol said Tuesday the current ban on stock short selling will remain in effect until financial authorities devise measures to fundamentally prevent potential damage to retail investors. Yoon made the remarks during a Cabinet meeting, following the financial regulator’s decision to prohibit short selling in stocks [...]
SEOUL, Sept. 7 (Korea Bizwire) – South Korea’s financial regulator on Thursday asked foreign securities firms to beef up efforts to prevent illegal stock short selling amid an increase in such cases. The Financial Supervisory Service (FSS) made the request in a meeting with compliance officers of 23 foreign securities companies here, calling for an [...]
SEOUL, Sept. 27 (Korea Bizwire) — Brokerages in South Korea raked in a combined 23.61 billion won (US$16.5 million) in fees from handling stock short selling in the first half of this year, data showed Tuesday. The amount compared with 29.28 billion won they earned from short selling-related fees throughout last year, according to the [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korea’s financial watchdog has launched an inspection into Morgan Stanley as part of efforts to intensify monitoring of stock short selling that has been blamed for excessive market swings, industry sources said Monday. The inspection came about two weeks after Lee Bok-hyun, the head of the Financial Supervisory [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s financial regulator said Thursday it plans to take stern actions against illegal stock short selling and seek to confiscate profits that were made by such practices. The measures were announced as some retail investors called for a ban on short selling amid a fall in stock prices [...]
SEOUL, March 28 (Korea Bizwire) — Battery maker LG Energy Solution Ltd. (LGES) has been the most shorted South Korean stock since Russia launched its invasion of Ukraine. According to the Korea Stock Exchange, the amount of short sale transactions of LGES totaled 921.7 billion won (US$753 million) during the period from March 11, when [...]