與 Song Young-gil and Woo Sang-ho, etc. insisted that they “must be extended”
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In addition, the Democratic Party is gathering discussions within the party toward extending the ban on short selling, which ends on March 15. However, until the ban on short selling is lifted, it is determined that there is room to watch the market situation, so it will be decided whether to extend it in late February or early March.
Democratic Party spokesman Shin Young-dae met with reporters after a briefing at the National Assembly Communication Hall on the 20th, saying, “The overall atmosphere of our party is that we need to extend the (prohibition of short selling) and clear the system while clearing up the harmful effects of short selling in order to protect market liquidity and individual investors. There are many.”
Short selling refers to an investment strategy in which if the stock price of a particular stock is expected to fall, the stock is borrowed and a sell order is placed without holding the stock. The financial authorities imposed a ban on short selling for six months starting in March when the overall stock price decline was expected due to the spread of the new coronavirus infection (Corona 19) at the beginning of last year. The financial authorities later extended the ban once more in September last year, and announced that it would lift the ban on short selling in March, but political opposition is striking. Members of the Democratic Party Song Young-gil, Woo Sang-ho, Yang Hyang-ja, and Park Yong-jin openly insist on extending the ban on short selling.
An official from the Policy Committee met with reporters at the National Assembly on that day and said, “I decided to (determine whether to extend the short selling ban) while looking at the market situation.” That time was between the end of February and early March.
/ Reporter Kim In-yeop [email protected]
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