Yoon Seok-yeol pledges to establish a stock short-selling monitoring organization... "Will also revise delisting requirements"

"We Will Establish Shareholder Protection Measures Including Strengthening Requirements for Physical Stock Splits"

[Asia Economy Reporter Naju-seok] Yoon Seok-yeol, the presidential candidate of the People Power Party, promised on the 14th to establish an organization dedicated to monitoring short selling in stocks.

On the same day, Yoon held a press conference at the party headquarters to present 'Additional pledges on fostering the capital market and protecting investors.' He stated, "We will establish a dedicated organization to monitor short selling and strictly punish illegal short selling," adding, "We plan to conduct daily real-time checks on whether short selling is done without borrowing, and impose criminal penalties equivalent to stock price manipulation when illegal short selling is detected."

He also promised to revise the requirements for stock delisting and expand the step-by-step management system during the delisting process. Yoon explained, "To prevent sudden delisting despite the continuity of listing such as profitability, we plan to strengthen the requirements and subdivide the stages further to expand the pre-delisting management system, including designation as a management stock and transfer to over-the-counter markets."

Additionally, Yoon pledged to strengthen the requirements for physical stock splits and institutionalize shareholder protection measures. He stated, "We will restrict the listing of split subsidiaries and firmly establish protection measures such as allocating shares to the parent company's shareholders upon listing."

This content was produced with the assistance of AI translation services.