Korea: Short-selling reporting measures under fire

Korea’s JoongAng Daily reports:
Short-sellers have long been blamed for distorting markets and passing on great risks for independent investors with less information and capital to handle.
To protect “ant investors,” or retail investors who make small investments in the stock market, and enhance transparency, financial authorities introduced short-selling reporting obligations last month, but the efficacy of the measure has already come under scrutiny just two weeks into implementation.
The Financial Supervisory Service (FSS), the nation’s financial watchdog, requires entrusted investment companies to publicly disclose details when they short-sell more than 0.5 percent of any listed company’s total outstanding shares or more than 1 billion won ($880,000).
Some analysts, however, note that the new measure would not effectively disclose the information the program targets.
The full article is available at http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=3021444&cloc=joongangdaily%7Chome%7Cnewslist1

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