South Korea does not rule out extending short-selling ban

Financial regulator wants to avoid stock market being 'titled playing field'

Financial authorities have launched a probe into global banks' alleged naked short-selling, which is illegal in South Korea. © AP

LISA KIM, Nikkei staff writer

November 10, 2023 17:41 JST

TOKYO -- South Korea's top financial regulator Financial Services Commission (FSC) has not ruled out the possibility of extending a ban on stock short-selling, pending improvements in the market, its chairman said on Thursday.

The financial regulator re-imposed the ban from Monday until the end of June, saying it is intended to "level the titled playing field" between institutional and retail investors.