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South Korea Imposes Fines on Global Banks
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South Korea Imposes Fines on Global Bank...
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South Korea's Financial Services Commission is imposing fines on two global banks for engaging in illegal short-selling activities, following a ban on short-selling until June 2024. In December, the regulator had previously announced a fine of 26.5 billion won for three entities involved in naked short-selling.
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How could similar actions by other countries influence the global financial market?
How might the imposition of fines on global banks impact the global financial landscape?
What measures can countries take to effectively prevent illegal short-selling activities?
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