Regulator expected to inspect Korea Exchange to eradicate illegal shorting
Posted : 2020-12-21 15:49
Updated : 2020-12-21 16:39
Korea Exchange (KRX) Chairman Sohn Byung-doo delivers a speech during his inauguration ceremony at the bourse operator s headquarters in Busan, Monday. / Courtesy of KRX
By Park Jae-hyuk
The Financial Supervisory Service (FSS) is expected to conduct a comprehensive inspection of the Korea Exchange (KRX) early next year to find out whether it has offered preferential treatment for brokerages to conduct illegal short-selling, industry sources said, Monday.
The financial watchdog has not conducted a comprehensive inspection of the bourse operator since 2010, although there were several cursory inspections over the past decade.