A delegation from the Financial Supervisory Service, led by Senior Deputy Gov. Hahm Yong-il, visited Hong Kong to seek cooperation with financial authorities and investment banks in order to combat illegal short selling. During the two-day visit, they met with executives from seven global investment banks to inform them about the Korean government's plan to establish a monitoring system to detect illegal short selling of domestic stocks. Hahm sought support from institutional investors for the effective operation of the monitoring system and assured that its adoption would not disrupt market trading. Furthermore, Hahm held discussions with Hong Kong's Securities and Futures Commission CEO Julia Leung Fung-yee to explore opportunities for strengthening collaboration between the two bodies. They also agreed to continue efforts to facilitate swift data sharing and mutual assistance for the ongoing investigation into naked short selling activities involving Hong Kong-based companies. Additionally, FSS Gov. Lee Bok-hyun hinted at the planned partial resumption of short stock selling in June, citing the need to address technical and legal issues in developing the short selling monitoring system. Overall, the visit aimed to garner support and cooperation from financial authorities, investment banks, and institutional investors in Hong Kong for the Korean government's initiatives to combat illegal short selling and enhance regulatory collaboration between the two jurisdictions.