Thursday August 27 2020

News Source: Global Disclosures

Focus: Short Selling

Type: General

Country: Korean Republic

On 27th August 2020, the Financial Services Commission (FSC) announced its decision to extend the temporary ban on stock short sale for six months from September 16, 2020 to March 15, 2021, given the market volatility amid concerns over a resurgence in COVID-19 cases.1

The lifting of share buyback limits for listed companies will also be extended during the six-month period. In the meantime, the FSC plans to draw up regulatory improvements to strengthen penalties on illegal short sale activities and improve the accessibility of retail investors to the short sale market.

Click on the link for further information.