The South Korean financial regulatory authorities held a press conference on Sunday, announcing the resumption and immediate effect of the ban on short selling of stocks, which will be maintained until at least June next year. At the press conference, Kim Joo hyun, director of the South Korean Financial Services Commission (FSC), stated that due to concerns about market volatility and illegal short selling behavior, which may disrupt market stability and the formation of fair prices, the FSC has decided to suspend stock short selling from today until the end of the first half of next year. Lee Bok hyun, the head of the South Korean Financial Supervisory Authority, also attended today's press conference.