The Financial Supervisory Service noted on the 30th that it will continue to build systems and structures ahead of the resumption of short selling at the end of March 2025.
The Financial Supervisory Service plans to publish a consolidated guideline for short selling by January 2025 and to complete the establishment of the short selling registration number issuance system. In addition, it plans to hold an open forum in February to announce key systems newly introduced with the resumption of short selling and gather opinions.
The opening ceremony for the computer link between major domestic and foreign short selling trading firms and the short selling central inspection system is scheduled for March 2025. The FSS will also hold a demonstration of the 'illegal short selling detection process' with the Financial Services Commission and the Korea Exchange before the resumption of short selling.
The FSS plans to continue infrastructure improvement efforts. It will expand the 'English DART service', which automatically converts the contents and formats of statutory disclosures published on the electronic disclosure system (DART) into English, starting in January. The 'Open DART service', which provides key disclosure information as data, will be launched, and the 'XBRL drafting guide' will also be distributed.
The FSS will hold a forum in February involving industry experts, including those from the financial investment industry and research institutes, to share plans for infrastructure improvements and ways to revitalize the domestic stock market, including tax benefits for long-term investments. It will also host a joint briefing session with relevant agencies ahead of the launch of alternative trading systems (ATS) that month.
In conjunction with the corporations value-up program, the FSS has indicated plans for localized relay business briefings targeting corporate executives and staff in 2025, dialogues with institutional investors related to management engagement activities and information disclosure, seminars and academic conferences to support improvements in corporate governance, and a second meeting for shareholder activist funds.
An FSS official said, “Although political and economic uncertainties are increasing, we will consistently pursue follow-up tasks for the revitalization of the capital market, improvement of the short selling system, and enhancement of shareholder value in 2025.”