On 28 November 2018, the Financial Services Commission of South Korea fined a subsidiary of Goldman Sachs Group $6.7m for naked short selling which is illegal in the country.

The FSC said the fine was imposed for violating the local rules that ban financial institutions from making a sell order without borrowed stocks.

The fine levied on Goldman Sachs was the biggest ever imposed by the country's financial regulator for the violation of the short-selling regulation.