Korea implements a new law banning shorting stocks, punishable by prison up to life sentence

    https://www.bloomberg.com/news/articles/2024-06-12/korea-to-discuss-short-selling-rule-tweaks-as-ban-deadline-nears

    Posted by bullrfuk

    36 Comments

    1. Markets more volatile than US, and you get taxed pretty hard (by both US and Korea) plus there are many restrictions that prevent you from trading online (인증서 digital id registration software that may not work outside Korea).

      Fuck KRX.

    2. Malket onry go up! ![img](emote|t5_2th52|27421)![img](emote|t5_2th52|27421)![img](emote|t5_2th52|27421)

    3. Good. Bears are terrorists and need to be treated as such. It says right in the constitution stocks only go up.

    4. They won’t go after any big fellas. It would probably be some random regard from somewhere like WSB who shorts 5 shares of Kia or LG because some on Twitter told him it was time.

      Kill the dog to scare the monkey. 🐒

    5. Appropriate_Ice_7507 on

      Lol suckers lol ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)

    6. Appropriate_Ice_7507 on

      They should also investigate all of their families income to make sure they didn’t profit from it. Suck it k bear ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)

    7. Article title is misleading.Shorting shares is a viable,legal strategy.illegal short selling is something else,shares have to be available to short.

    8. > What are you in for?

      Trading.

      > You got life for that?

      I shorted a company I knew for sure had no future.

    9. Can’t read the article… are they just banning shorting Korean stocks, or are they banning – for Korean residents – to short stuff anywhere in the world? If it’s the former, it’s really not a big deal. The only market really worth shorting in is the US market…

    10. Does shorting stocks actually provide any value? I know it cns generate profit, but does it stabilise the market in some way? Interested in any existing comparisons to nations that have already banned it

    11. They made illegal borrowing stocks to get money. Did they make borrowing money to get stocks illegal too?

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