Bok-Hyeon Lee “Contemplating resumption of brief promoting pc system throughout phased implementation”

by times news cr

2024-05-27 10:09:31

“Institution of pc system, anticipated within the first quarter of subsequent 12 months”
“Greater than 80-90% of non-borrowing may be blocked within the first stage.”

ⓒNewsis

Lee Bok-hyeon, head of the Monetary Supervisory Service, stated on the twenty seventh, “There isn’t any change within the coverage to renew brief promoting after the institution of a pc system (to stop unlawful brief promoting),” however added, “Within the strategy of selling the pc system step-by-step, it could be attainable to assessment whether or not some brief gross sales may be resumed.” He stated.

Director Lee appeared on MBC Radio’s Kim Jong-bae’s Focus this morning and stated, “Private greed will not be non-public greed, so how can the world dwell solely in accordance with greed?” Following his look on the KBS2 Financial Live performance on the twenty third, he tried to elucidate once more. Throughout a latest enterprise journey to New York, Director Lee hinted at a partial resumption of brief promoting subsequent month, however the President’s Workplace stated, “That’s the Monetary Supervisory Service Director’s private want,” sparking controversy over the brief promoting coverage.

When requested whether or not he was speaking about partial resumption inside subsequent month when abroad traders requested whether or not they need to be given a considerably predictable schedule (relating to the resumption of brief promoting), Director Lee drew a line, saying, “No.”

Director Lee defined, “There are numerous pursuits and communication is important within the strategy of coordinating them, however at that time, it’s vital to debate how and at what timing to renew brief promoting.”

He stated, “From my private greed, it could be higher to partially resume in June as quickly as attainable, and whether it is troublesome to renew, it could be higher to a minimum of clarify the long run circulate to home and overseas traders about when, underneath what circumstances, in what approach, and underneath what plan. “I defined that it could be good,” he stated.

“In fact, our constant place is that the institution of a system to stop brief promoting is linked to the resumption or partial resumption of brief promoting,” he stated. “Because the President has stated a number of instances and the Monetary Providers Fee Chairman and I’ve additionally stated many instances, we plan to renew brief promoting after the institution and preparation of a pc system.” “Nothing has modified about this,” he emphasised.

Relating to the truth that Korea Trade Chairman Jeong Eun-bo stated that it could take a minimum of 10 months to construct a pc system, he stated, “The pc system has a system to detect unlawful actions throughout the firm that positioned the brief promoting order, and it’s essential to create a central system by making a type of suggestions system for all of them. “If we need to do all of this, I believe it can in all probability be attainable within the first quarter of subsequent 12 months,” he stated.

Nevertheless, “There’s a drawback with the system. Do we have to revise legal guidelines such because the Capital Markets Act or can or not it’s achieved with out revising the regulation?” he stated. “For instance, greater than 80 to 90% of the issues that may be blocked with a first-stage inside management system are blocked by us.” He added, “Since we will block unlawful brief promoting that has been detected, we’re constantly saying that it could be attainable to assessment whether or not some brief promoting may be resumed whereas the market promotes levels 1 and a pair of step-by-step.”

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2024-05-27 10:09:31

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