Type of Intervention: Financial markets and monetary policy
Level of Jurisdiction: National
Overview: The Financial Services Commission (FSC) announced a ban on stock short selling for six months to curb panic selling, though the duration of the ban is subject to future market conditions.
The ban affects all listed firms on the Korea Composite Stock Price Index.
In tandem with the ban on short selling, the FSC will temporarily raise the ceiling on local companies” repurchasing of shares.
Full details here: https://www.fsc.go.kr/info/ntc_news_view.jsp?bbsid=BBS0030&page=5&sch1=&sword=&r_url=&menu=7210100&no=33742