President Yoon Suk Yeol of South Korea affirmed the continuation of the current ban on stock short selling, pending new measures to protect retail investors. This decision follows the financial regulator's prohibition of short selling on major bourses until June 2024 to address illegal practices affecting market stability. Yoon emphasised the importance of fair price formation and maintaining investor trust in the securities market. The move addresses concerns of local retail investors, particularly regarding electric vehicle supply chain stocks. However, there are apprehensions that this regulation might hinder South Korea's bid for developed market status with Morgan Stanley Capital International (MSCI). Yoon remains optimistic about the long-term benefits for market competitiveness and has urged financial regulators to develop strategies to safeguard retail investors.