[경제]Donghak Ant·Financial Authority Confrontation Over Resumption of Short Sale

[앵커]

Short selling, which was halted on the stock market for one year due to the Corona 19 incident last year, is being pushed to resume in March.

The financial authorities are making it clear that short selling can be resumed, but controversy is arising as Donghak Ant and some politicians are calling for an extension of the short selling ban.

Reporter Park Byung-han reports.

[기자]

With the KOSPI surpassing 3,000 and the stock market is showing a strong market, Donghak Ant and the financial authorities are showing confrontation over the resumption of short selling in March.

Short selling is an investment strategy in which if the stock price of a particular stock is expected to decline, you can borrow stock and place a sell order without holding the stock.

Donghak ants insisted on extending the ban on short selling, which is beneficial only to foreigners and institutions, and more than 100,000 petitions were filed in the Blue House.

Donghak ants insist on strengthening the penalties for non-borrowing short selling as individual investors suffer damage due to weak penalties by the financial authorities for non-borrowing short selling by institutions and foreigners.

[정의정 / 한국주식투자자연합회 회장 : 무차입 공매도 적발 시스템을 금융당국에서 완벽하게 구현해 주시면 개인 투자자 피해를 줄일 것 같습니다.]

However, the financial authorities plan to end the ban on short selling, which had been suspended for the past year due to the Corona 19 incident, as scheduled on March 15.

The Financial Services Commission announced that before the resumption of short selling, it will strengthen the system, such as strengthening the punishment for illegal short selling, improving the market maker system, and enhancing individual access to short selling.

Even among stock market experts, there is a position that short selling needs to be resumed.

[황세운 / 자본시장연구원 연구위원 : 공매도는 여러가지 중요한 기능들을 갖고 있어 가격 발견 기능, 두번째는 버블을 완화시키는 기능, 세번째는 유동성 공급 기능 등 세 가지로 요약할 수 있습니다.]

However, before the re-election in April, some politicians, conscious of Donghak ants’ vote, supported the extension of the ban on short selling, and then, over the resumption of short selling, Donghak ants, politicians, and financial authorities are falling into the battle.

This is YTN Park Byung-han.

[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]

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