Short Sellers Under Siege Everywhere Have It Really Bad in Korea
Bloomberg
1/29/2021
In South Korea, the government is piling on too.
Lawmakers who oversee the country’s $2 trillion stock market are discussing plans to extend one of the world’s longest bans on short selling, amid pressure from mom-and-pop punters who drive more than two thirds of daily trading.
Calls to make the 10-month ban permanent are mounting. More than 203,000 people have signed a petition imploring President Moon Jae-in to make short sales illegal -- crossing a threshold of 200,000 that compels him to provide an official response. Moon’s prime minister has already called the practice “undesirable.”