On Jan. 2, Son Byung-du, the chairman of the Korea Exchange, expressed his commitment to strengthening enforcement efforts, including enhanced monitoring of illegal short selling.
During the opening ceremony of the “2024 Securities and Derivatives Market” held at the Yeouido office of the Korea Exchange in Seoul, on the morning of Jan. 2, Chairman Son stated in his speech, “Despite the recent upswing in both domestic and international stock markets, uncertainty remains high this year, making stable market operation more crucial than ever. To proactively address sophisticated unfair trading practices and enhance monitoring of illegal short selling, we will strive to create a fair trading environment.”
He continued, “Institutions and practices that lag behind global standards are soon linked to the undervaluation of our capital market. We will work to address investment constraints and ensure the global competitiveness of our market.”
Furthermore, he emphasized, “No matter how good a system is, if the essence of the system is not adequately explained, it can lead to unnecessary misunderstandings. We will open channels of communication with investors, refine systems that inconvenience them, and enhance information technology infrastructure to make it faster and more convenient.”