Strengthening the Designation System for Overheated Short-Selling Stocks... Extending the Trading Ban Period

Deputy Prime Minister Hong Nam-gi Holds Green Room Meeting

[Image source=Yonhap News]

[Sejong=Asia Economy Reporter Kim Hyunjung] The government will temporarily strengthen the designation system for short-selling overheated stocks to stabilize the market.

On the morning of the 10th, Deputy Prime Minister and Minister of Strategy and Finance Hong Namgi held a meeting of related ministers (Green Room Meeting) at the Government Seoul Office and announced this policy. The meeting was chaired by Deputy Prime Minister Hong Namgi and attended by the Minister of Trade, Industry and Energy, the Director of the Office for Government Policy Coordination, the Chairman of the Financial Services Commission, and the Senior Secretary for Economic Affairs.

Accordingly, the criteria for designating short-selling overheated stocks will be relaxed for three months, and the trading ban period will be extended. The trading restrictions will be applied from the 11th according to the revised criteria.

The Financial Services Commission is scheduled to announce the specific details after the meeting concludes on the same day.

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