Summary of Short Sellers Active in Korea, a Renowned "Hotspot"

Following the wave of strict short-selling regulations by the Taiwan Financial Supervisory Commission (FSC), global short sellers that were attacking Taiwanese tech stocks are shifting their positions to the Korean KOSPI market, which shares the same IT and semiconductor value chain structure.
Due to the balloon effect caused by the identical value chain, global hedge funds blocked by the sharp reduction in Taiwan's FSC short-selling limits are immediately transferring their short positions from Taiwanese TSMC and tech stocks to the Korean KOSPI market, the most similar semiconductor and AI supply chain.
Multi-strategy funds based on ultra-short-term high-frequency trading, such as Citadel and Millennium, are identified as the entities driving the chain bombardment of quant and algorithmic selling. They are applying the same AI investment delay short strategies they executed in Taiwan directly to large-cap Korean semiconductor and IT stocks.
In terms of supply and demand pressure through global IB channels, massive overseas short-selling volumes are being diverted to the KOSPI through major prime brokerage channels such as Morgan Stanley, Goldman Sachs, and Merrill Lynch.
The structure of the three major global short-selling entities is as follows:
First, multi-strategy and quant funds such as Citadel, Millennium, and Point72 act as the actual funding sources executing algorithmic selling bombardments on overvalued AI and semiconductor sectors.
Second, global prime brokerages including Morgan Stanley, Merrill Lynch, Goldman Sachs, Barclays, UBS, and Citi act as agents for orders, appearing as the top channels in domestic stock market short-selling balance disclosures.
Third, activist short sellers such as Hindenburg Research and Citron Research induce market sell-offs through reports exposing valuation bubbles or accounting risks.