South Korea to review short-selling rules if markets turmoil ends

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, March 29 (Reuters) - South Korea may consider easing stock short-selling rules later this year if the current financial markets turmoil ends soon, the head of the Financial Supervisory Service said. "If the dust of this financial turmoil is cleared within a couple of months, we will look into the deregulation of short-selling (rules), hopefully this year," Governor Lee Bok-hyun of the regulator, said in an interview with Bloomberg TV. He did not elaborate on conditions or direction of the changes in the rules. South Korea maintains a strict set of regulations on stock short-selling for fear of aggravating fluctuations of prices.
(Reporting by Choonsik Yoo; Editing by Christian Schmollinger)

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