[Breaking] Financial Services Commission Decides to Extend Short Selling Ban for Additional 6 Months
[Asia Economy Reporter Park Jihwan] Financial authorities have announced a plan to extend the short-selling ban for an additional six months.
The Financial Services Commission announced on the 27th that the ban on short-selling and the expansion of the limit on treasury stock acquisition will be extended for six months.
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The FSC stated, "Considering the increased market volatility due to concerns over the resurgence of COVID-19, the short-selling ban implemented in March will be extended for six months," adding, "During this period, we plan to promote institutional improvements demanded by the market, such as strengthening penalties for illegal short-selling and enhancing accessibility to short-selling for individual investors."
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