South Korea tightens penalties on illegal short selling, imposing life sentences for gains over 5 billion won.

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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.

https://www.businesskorea.co.kr/news/articleView.html?idxno=225912

https://franknez.com/illegal-short-sellers-will-now-face-life-sentence-in-prison/

https://www.koreatimes.co.kr/www/biz/2024/05/175_374257.html

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