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16:21Korean builders nervous about possible setbacks in Middle East
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16:15‘Kim desperately wanted to denuclearize,’ Moon writes in memoirs
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16:10[KH Explains] Why Korea's so tough on short selling
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15:47Korea set to finalize action plan for medical school quota increases
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15:40HD Hyundai chair receives honorary doctorate from HUFS
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15:30SC Bank Korea offers special interest rate for new members
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15:26Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report
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15:21Seoul City to open world's first 'hotel' on river bridge
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15:18Woori, KB ink QR code payment partnership with Cambodia
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15:16Samsung eyes W1tr in sales of pricey capacitors for cars
Economy
Why Korea's so tough on short selling
Since November, South Korea has intensified its crackdown on illegal short selling by institutional investors, uncovering widespread practices among global banks. In an interim results announcement earlier this month, the Financial Supervisory Service revealed that all nine banks investigated had engaged in illegal short selling totaling approximately 211.12 billion won ($155.8 million) in Korean stocks. With ongoing investigations into the remaining foreign five banks, this figure is expected t