South Korea will likely be able to complete a system to detect illegal short selling in the first quarter of next year, Financial Supervisory Service Governor Lee Bokhyun said, as cited by Bloomberg.
The watchdog’s expected timing for the platform came after the presidential office recently said short-selling restrictions will remain in place until an electronic monitoring system is developed. The comments had dampened hopes that the ban, initially stated to remain until the end of June, will be lifted soon.