South Korea has amended its Capital Markets Act to impose stricter penalties on illegal short selling, now allowing for prison sentences of up to life imprisonment for individuals profiting over 5 billion won (around $3.79 million) through such activities. This legislation aims to reduce illegal trading practices and enhance market transparency, signaling a strong commitment to regulatory enforcement in the financial sector.
www.businesskorea.co.kr/news/articleView.html?idxno=225912
franknez.com/illegal-short-sellers-will-now-face-life-sentence-in-prison/
www.koreatimes.co.kr/www/biz/2024/05/175_374257.html
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