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Stock impact report

Korea's No. 2 Financial Firm Says Short Selling Ban Likely to Be Lifted by First Half [BNN Bloomberg (Canada)]

Shinhan Financial Group Co Ltd American Depositary Shares (SHG) 
US:NYSE Investor Relations: shinhangroup.co.kr/en/invest/main.jsp
Company Research Source: BNN Bloomberg
to global standards, Shinhan Financial Group Co.'s chief executive said, indicating industry expectations that the heavily scrutinized pause won't extend. Regulators are ironing out kinks in how short-selling is conducted and monitored, and the authorities understand that they should “create an environment for investors to invest freely,” Jin Okdong, head of the nation's No. 2 financial company, said in a Bloomberg televised interview with David Ingles in Seoul. Jin, in his first media interview since taking the helm in March 2023, is weighing into a policy debate that raised questions over the nation's commitment to elevate its stock gauges on global indexes. Regulators surprised global funds in November when they suspended short-selling till June, a move welcomed by President Yoon Suk Yeol and retail investors ahead of ahead parliamentary elections later this year. “The authorities also adhere to the principle that we need to allow investors to make decisions freely in order t Show less Read more
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