South Korea’s top financial regulator said it plans to lift the ban on short selling at the end of March and will ensure that necessary rule revisions are in place by then, reports Bloomberg.
The objective is to allow the strategy across all equities, not just in a limited number of stocks, Financial Services Commission chair Kim Byoung-hwan was cited as stating by Bloomberg.
“With the goal of resuming short selling on all stocks at the end of March next year, we are revising laws and will ensure the systems are in place,” he said, speaking to reporters.