In today’s briefing:
- Korean Government Ready to Temporarily Suspend Short-Selling: A Move to Gain More Votes?
Korean Government Ready to Temporarily Suspend Short-Selling: A Move to Gain More Votes?
- On 3 November, numerous local media outlets reported that the Korean government is likely to temporarily suspend short selling in the Korean stock market.
- According to a high level ruling party official, the Korean government plans to announce temporary ban on short selling stocks no later than on 15 November for about six months.
- There is a major legislative election in Korea in April 2024. If there is a temporary ban on short selling stocks, this could be viewed negatively by many foreign investors.
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