S Korea to boost bond market by allowing naked short-selling

11/24/2009 | Financial Times (tiered subscription model)

While striving to be included in Citigroup's World Government Bond Index, South Korea decided to start allowing naked short-selling of bonds in 2010. The goal is to boost the country's underdeveloped bond market by attracting more foreign participation. "We plan to set up guidelines for bond short-selling, which has been banned for stronger risk control at banks, after discussion with relevant ministries," said Kim Jong-chang, governor of the Financial Supervisory Service.

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