FSC holds press conference with foreign mediaDec 01, 2023

Vice Chairman Kim So-young of the Financial Services Commission held a press conference with foreign media on December 1, explaining about the recent progress in the implementation of capital market reform measures. In his opening remarks, Vice Chairman Kim said that the government's capital market policy measures are aimed at (a) establishing market discipline, (b) upgrading capital market rules to ensure regulatory consistency with global standards, and (c) ensuring stability in the market. In particular, Vice Chairman Kim said that the primary focus of the government's short selling ban, which was announced last month, is to make important upgrades to the current system to prevent illegal naked short selling from taking place in a prevalent manner.