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Editorial

Korean Regulator to Lift Short Selling Ban on Non-Financial Stocks

March 2014 - Finance. Legal Developments by Bae, Kim & Lee LLC.

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Korean Regulator to Lift Short Selling Ban on Non-Financial Stocks
 

The Financial Services Commission (FSC) announced that the three-month ban on all short selling of listed securities traded on the Korea Exchange (KRX) will be lifted on non-financial stocks starting from November 10, 2011, while the ban will be maintained on financial stocks for the time being due to their greater vulnerability to external factors such as euro zone risks.

However, this remaining ban on financial stocks will not extend to short selling by liquidity providers to provide quotations, which will continue to be permitted.

On August 10, 2011, the KRX adopted a temporary ban on all short selling for three months following the U.S. credit downgrade.

 

See BKL Law Update August 11, 2011.

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Dinner with GC -
Korea 2018

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    In May, The Legal 500 and GC Magazine added another country to the list of destinations for their exclusive Dinner with GC series, as South Korea’s elite in-house counsel came together at Mugunghwa in Seoul, for a closed-door discussion on the realities of the role.

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