https://www.reuters.com/markets/asia/skorea-ban-all-stock-short-selling-through-june-2024-2023-11-05/
SEOUL, Nov 5 (Reuters) - South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a "level playing field" for retail and institutional investors, financial authorities said on Sunday.
. . .
"The measure is aimed at fundamentally easing 'the tilted playing field' between institutional and retail investors," Financial Services Commission (FSC) Chairman Kim Joo-hyun told a news briefing.
"Amid continued uncertainty in financial markets, major foreign investment banks have been engaged as a matter of practice in unfair trades ... and we determined that it would be impossible to maintain fair trading discipline," Kim said.
. . .
The Financial Supervisory Service in October said it would likely fine two Hong Kong-based investment banks it determined had engaged in naked short-selling transactions worth 40 billion won ($29.58 million) and 16 billion won respectively.
. . .
"level playing field" คือ fair competition
ถึงคราวจำเป็นแล้ว S Korea to re-impose stock short-selling ban through June to 'level playing field'
SEOUL, Nov 5 (Reuters) - South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a "level playing field" for retail and institutional investors, financial authorities said on Sunday.
. . .
"The measure is aimed at fundamentally easing 'the tilted playing field' between institutional and retail investors," Financial Services Commission (FSC) Chairman Kim Joo-hyun told a news briefing.
"Amid continued uncertainty in financial markets, major foreign investment banks have been engaged as a matter of practice in unfair trades ... and we determined that it would be impossible to maintain fair trading discipline," Kim said.
. . .
The Financial Supervisory Service in October said it would likely fine two Hong Kong-based investment banks it determined had engaged in naked short-selling transactions worth 40 billion won ($29.58 million) and 16 billion won respectively.
. . .
"level playing field" คือ fair competition