◀ Anchor ▶
Last week there was a short selling war between individuals and hedge funds in the United States.
It’s a game stop situation, but it’s not someone else’s job.
Even in Korea, individual investors oppose the resumption of short selling and have taken collective action.
This is reporter Minchan Kim.
◀ Report ▶
The short-selling war between private investors and hedge funds in the United States last week.
Donghak ants also added here.
A Korean individual investor bought 800 billion won worth of’GameStop’ shares in two days last week.
US individual investors, Robin Hood, also welcome Donghak Ant’s participation in the war and cheer in Korean.
[미국 유튜버]
“Young~cha! Young~~~cha!”
Will this happen in Korea?
This morning, in downtown Seoul, a bus with the words “I hate short selling” and “Save Donghak Ants” was running around.
Individual investors have come to the public opinion.
[정의정/한국투자자연합회 대표]
“There is a fear that the Donghak ants will leave alone due to a decline in stock prices and a crash.”
They selected two sports, Celltrion and HLB, and started a scam campaign for one week.
It is the stock with the most short selling in KOSPI and KOSDAQ, respectively.
Short selling is a trading technique where you bet on falling stock prices.
In 2019, foreigners and institutions sold short stocks worth 67 trillion won, while individuals were 23 billion won, or 1/3 of the stock.
In particular, illegal short selling by foreigners and institutional investors is a problem.
In the past four years, 32 cases of illegality of 171.3 billion won were detected, and the penalty was only 8.9 billion won.
[정의정/한국투자자연합회 대표]
“It is most urgent to build a detection system that catches illegal arbitrage short selling in real time. Business license cancellation and business suspension should also be applied in Korea.”
Short selling has a net function that prevents operational forces from raising the stock price.
The government is also in a position to re-implement short selling, which was temporarily suspended due to Corona 19, like other developed countries.
[염승환/이베스트투자증권 부장]
“I don’t think it’s right to (resume) with some institutional supplementation rather than just releasing the ban on short selling.”
The government has stepped back in response to opposition from individual investors.
It is expected to be delayed by about three months, and the system will be reorganized in the meantime.
It was decided to strengthen penalties and increase the chances of short selling individuals by 20 times.
This is Min-Chan Kim of MBC News.
(Video coverage: Lee Jun-ha / Video editing: Jung So-min)
MBC News awaits your report 24 hours a day.
▷ Phone 02-784-4000
▷ Email [email protected]
▷ KakaoTalk @mbc report
– .
