S.Korea to re-impose stock short-selling ban through June to 'level playing field'
© Reuters. A journalist walks past an electronic board of the Korea Composite Stock Price Index at the Korea Exchange in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File PhotoSEOUL -South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a"level playing field" for retail and institutional investors, financial authorities said on Sunday.
"The measure is aimed at fundamentally easing 'the tilted playing field' between institutional and retail investors," Financial Services Commission Chairman Kim Joo-hyun told a news briefing. The regulator last week said it would establish a team of investigators to probe short-selling by foreign investment banks for illegal activity including so-called naked short-selling.
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