South Korea s financial
watchdog plans to partially lift a ban on stock short-selling
sometime in June, Yonhap News reported, citing Lee Bok-hyun, the
head of the regulator. South Korea. -May 18, 2024 at 11:36 pm EDT
- MarketScreener
Since November, South Korea has intensified its crackdown on illegal short selling by institutional investors, uncovering widespread practices among global banks. In an interim results announcement earlier this month, the Financial Supervisory Service revealed that all nine banks investigated had engaged in illegal short selling totaling approximately 211.12 billion won ($155.8 million) in Korean stocks. With ongoing.
Korea s financial authorities and the heads of the country s major financial institutions met global institutional investors from Wall Street and New York to present their ambitious visions for the Corporate Value-Up Program, a government-led initiative seeking to propel the Korean stock market to new heights, according to the authorities, Sunday.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun and heads of financial groups and companies travelled to New York this week to promote Korea s capital market as well as its government-led corporate value enhancement program.
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