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South Korea’s financial regulator has launched an inspection into short selling of shares by major brokerages and branches of foreign firms as part of efforts to tighten supervision on such trading.
The Financial Supervisory Service (FSS) had begun inspection of short-selling transactions by the Seoul branch of Morgan Stanley & Co International Plc and was expected to widen the probe into other outlets, an FSS official said on Tuesday.
The official said the inspection was not based on any specific suspicion or allegation of wrongdoing and was not targeting any specific company.
