On 9 March 2023, SK FSC published the first penalties for short selling rule violations.
- SK FSS imposed first penalties against 2 firms for violating short selling regulations.
- Follows SK FSC April 2021 changed to capital market research rules.
- Imposed fines of KRW 3.87 billion and KRW 2.18 billion, respectively on the two firms.
- Both firm A and firm B violated the restriction on short selling without leverage.