South Korean Opposition Leader Lee Backs Return of Short Selling
- Nation banned all short-selling in November last year
- Authorities have plans to lift the prohibition in March 2025
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South Korea’s opposition leader Lee Jae-myung, one of the leading contenders to replace the sitting president after a brief martial law decree, is in favor of bringing back the practice of short selling in the nation’s $1.6 trillion stock market.
“We need the short-selling system,” Lee told Bloomberg TV in an interview on Thursday. “We need to allow it reasonably and fairly within the necessary boundary to make sure that it is not abused,” he said. “We need it for an MSCI inclusion.”