13 March 2020 – Banned stock short selling

Intervention Categories: Legal and policy; Regulatory change
Level of Jurisdiction: National

Overview: The Financial Services Commission (FSC) announced a ban on stock short selling for six months to curb panic selling, though the duration of the ban is subject to future market conditions.

The ban affects all listed firms on the Korea Composite Stock Price Index.

In tandem with the ban on short selling, the FSC will temporarily raise the ceiling on local companies” repurchasing of shares.
Full details here: https://www.fsc.go.kr/info/ntc_news_view.jsp?bbsid=BBS0030&page=5&sch1=&sword=&r_url=&menu=7210100&no=33742