與, the weight of extending the ban on short selling… “Decided from the end of February to the beginning of March”

Democratic Party leader Kim Tae-nyeon speaks
Democratic Party leader Kim Tae-nyeon speaks

(Seoul = Yonhap News) Reporter Ahn Jung-won = In-House Representative Kim Tae-nyeon of the Democratic Party together speaks at the Supreme Council Meeting held in the National Assembly on the morning of the 20th. [email protected]

(Seoul = Yonhap News) Reporter Lee Yoo-mi and Hong Gyu-bin = The Democratic Party, which ends on March 15, is putting weight on the extension of the ban on short selling.

Spokesman Shin Young-dae met with reporters at the National Assembly on the 20th and said, “There are many opinions that the overall party atmosphere should be extended (prohibited) and reorganized the system first while solving the harmful effects of short selling in order to protect market liquidity and individual investors.

He added, “Isn’t Eun Seong-su, chairman of the Financial Services Commission, said that he would discuss with the National Assembly,” he added, “a conclusion will be drawn in the process of consultation.”

An official from the policy committee also met with reporters, saying, “I have more time, so I decided to make a decision while looking at the market situation. We still have time, so we will announce it in late February or early March.”

Democratic Party lawmaker Song Young-gil, Woo Sang-ho and Yang Hyangja, publicly insisted on extending the ban on short selling.

Rep. Song said on Facebook that “we need to take time by extending the ban on short selling and come up with an innovation plan for short selling.”

Assemblyman Woo also said, “Short selling has been postponed due to the condition that the’tilted playground’ theory between ant investors and institutional investors has caused damage to ant investors, and the prohibition period must be extended as the problem has not been resolved.”

However, Rep. Ogi-hyung stated that short selling should be resumed due to concerns about foreigners leaving.

An official from the leadership said, “There is consensus within the party on the extension of the ban on short selling,” he said. “This is a comprehensive consideration, including system improvement, and we will not eliminate short selling itself.”

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