On 6 May 2024, SK FSS said it has discovered illegal short selling worth KRW 211.2bn in 9 out of 14 global IBs since the launch of its special investigation team in November 2023.

• Major allegations include insufficient procedure for return of stocks provided as loan/collateral; submission of short selling before loan confirmation; insufficient balance management between internal departments; as well as handwriting input errors.
• SK FSS will impose disciplinary actions against seven IBs whose violations were confirmed, while completing ongoing investigations on the remaining five IBs.
• Will hold meeting with major global IBs in Hong Kong in May 2024, to explain Korean short selling system and collect foreign investors' opinions for system improvement.