“South Korea to Ban Short-Selling of Stocks Until June 2024”

“South Korea will prohibit stock short-selling until June 2024 to allow regulators to “actively” improve rules and systems, the Financial Services Commission said.

Trading with borrowed shares, an essential component of short selling, will be banned for companies in the Kospi 200 Index and Kosdaq 150 Index from Monday until the end of June, the commission said on Sunday…”

https://finance.yahoo.com/news/south-korea-ban-short-selling-083000879.html

I find this highly suspicious. If the Korean market were to crash before then no one could make money off it. By “no one” I mean the general public because insiders always have a way. Also this could be a way to prop up zombie companies because it’s becoming obvious everyone should short sell them to the moon.