South Korea’s Financial Services Commission to lift ban on short selling effective March 15
South Korea’s financial regulator said it will lift its ban on short selling of listed shares starting March 15 on the Kospi and Kosdaq. The ban had been live since March 13, 2020.
PASLA released the following comment: PASLA welcomes the FSC’s confirmation that the short-selling ban will end on 15 March as planned. This is a critical step in normalising the market environment following the extreme volatility in the first half of last year. Regulated, transparent and covered short-selling – which is the FSC’s stated goal – is an important characteristic of high quality equity markets globally. Over the long term, we believe that markets in which participants can express different views about the direction of prices will be more resilient, more attractive to global institutional investors and better positioned to support economic growth and prosperity.
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