[경제]The controversy over the resumption of short selling heats up

[앵커]

As the domestic stock market heats up, controversy over the resumption of short selling is heating up with the addition of the IMF to the politics as well as individual investors.

The hard work of the financial authorities is deepening.

Reporter Lee Jong-soo on the report.

[기자]

A petition requesting a permanent ban on short selling is posted on the Blue House National Petition bulletin board.

By the morning of the 29th, the number of participants exceeded 200,000.

Individual investors are paying attention to what kind of answers they will provide as the Blue House or related ministries have the requirements to answer.

While individual investors are so opposed to short selling, the government has put forward a position that the wrong system should be improved first.

[정세균 / 국무총리 (지난 28일) : 선 제도개선 후 도입 그러니까 후 시행이죠.]

The reason individual investors object is that short selling is viewed as a sloping playground in favor of institutions and foreigners.

Short selling is an investment technique that expects a fall in stock prices, sells stocks by lending them, and then buys and repays stocks when the stock price falls, thereby making a profit.

If foreigners and institutions with excellent intelligence pour out short sales and the stock price falls, individual investors have no choice but to sit down.

In fact, from January of last year to March 13, when short selling was banned due to the collapse of the stock price due to the Corona 19 incident, the proportion of short selling was 50% for institutions and 49.2% for foreigners, while only 0.8% for individual investors.

On the other hand, for overseas investors such as global financial companies, short selling is a major risk aversion.

If there is no short selling, there are fewer investment incentives.

The International Monetary Fund’s IMF also announced on the 28th that it is possible to resume short selling because the Korean financial market has shown a lot of stability since the Corona 19 crisis and the economy is also recovering.

After receiving the recommendation of the IMF to resume short selling, the Financial Services Commission is currently focusing on improving the system, focusing on strengthening the punishment for illegal short selling, improving the market maker system, and expanding individual participation in short selling.

At the same time, as planned, we are constantly struggling with a plan to resume short selling on March 16 and supplement the system by extending the ban on short selling for another three months.

YTN Jongsoo Lee[[email protected]]is.

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