FSC Chairman Kim Joo-hyun presided over a joint meeting with relevant institutions on July 28 and announced the measures to improve the stock short selling system and strengthen oversight and punishment on illegal short selling activities. At the meeting, participants shared the same view that investors’ growing concerns about the use of short selling in illegal transactions and the ineffective oversight and punishment on illegal short sale activities need to be resolved in order to restore investors’ trust in domestic stock markets.

* Please see press release for details.