S Korea – FSS Targets Illegal Short Selling Among Its Key Tasks for 2024

S Korea – FSS Targets Illegal Short Selling Among Its Key Tasks for 2024

On 5 February 2024, SK FSS issued 4 strategies and 12 key tasks for 2024.

  • SK FSS issued 4 strategies, 12 key tasks for 2024, to achieve firm financial stability (control illegal short selling), supportive finance for the public, strong financial trust, and dynamic future growth.

Key Tasks

  • For firm financial stability, strengthen risk management for household and corporate debts, pre-emptively respond to instability factors in the financial market, foster an environment for the financial industry which is resistant to crisis.
  • For supportive finance for the public, eradicate financial crimes that infringe on people's livelihood, enhance consumer, address financial difficulties of the vulnerable.
  • For financial trust, prevent market disturbances such as illegal short selling, eradicate illegal, unsound business practices, establish sound governance, internal control.
  • For dynamic future growth, support sound growth of digital finance, secure future competitiveness of the financial industry, innovate financial supervisory practices.