Vice Chairman Kim Soyoung of the Financial Services Commission held a media briefing to announce the finalized version of short sale reform measures intended to prevent illegal short selling activities and protect investors on June 13. Under this plan, naked short selling activities will be prevented through establishment of electronic short sale processing and monitoring systems. Institutional and corporate investors will be required to set up internal control standards. The currently divergent stock borrowing conditions for institutional investors and retail investors will be made equal to create a level playing field. The severity of penalties on illegal short sales will be strengthened to ensure more effective enforcement of administrative sanctions.