Posted 11/26/2023, 9:00:00 PM
South Korea bans short-selling to court retail investors, drawing criticism over populism ahead of 2023 elections
- South Korea banned short-selling of stocks, welcomed by retail investors but criticized by analysts
- Ban announced suddenly on Nov 5 by financial regulator, effective Nov 6 until end of June 2024
- Aimed to win support from vocal retail investors ahead of national elections in 2023
- Experts and media see potential negative impacts of 'populism'
- Raises political questions about President Yoon Suk Yeol's motivations in siding with retail investors