On March 29, the head of South Korea’s Financial Supervisory Service said that if the current financial market turmoil ends soon, South Korea may consider relaxing stock short-selling rules later this year.
Lee Bo-hyun, head of the South Korean Financial Supervisory Service, said in an interview that if the impact of the financial turmoil is eliminated within a few months, they will study the relaxation of short-selling (rules) supervision, and hope it will be realized this year.
He did not, however, elaborate on the conditions or direction of the rule change. South Korea still has a strict set of regulations on short-selling stocks, fearing exacerbating stock price volatility.