[아침신문 솎아보기] Ahead of the elections, criticizes politics of’close up’ and’remote control’

The Financial Services Commission will partially extend the ban on short selling, which was scheduled to end on the 15th of next month, until May 2. The Financial Services Commission said that the decision was made in consideration of the’global standard’ that allows short selling and the’market concern’ that it should not be allowed. However, most newspapers interpreted it as a political judgment conscious of the upcoming April re-election. Short selling is a trading technique in which stocks are borrowed and sold and bought and paid off after a certain period of time. If the stock price falls when the stock is paid off rather than when the stock is borrowed, you get that much margin.

According to the decision of the Financial Services Commission on the 3rd, short selling of 350 large stocks (KOSPI 200 and KOSDAQ 150) will resume from May 3, and the ban on short selling for the remaining 2037 stocks will be extended indefinitely. A plan to revitalize short selling targeting individual investors was also announced. For the first investment, the limit is 30 million won, and 70 million won for investments over 50 million won more than five times within two years. There is no limit if you have more than two years of investment experience or are a professional investor.

To extend the ban on short selling… The Financial Services Commission calls doubts about’election consciousness’

Finance Commissioner Eun Seong-soo said, “In an internationally connected capital market environment, opinions have gathered that it is difficult to completely or indefinitely ban short selling, which is a global standard.” “As the market is concerned and concerned about the resumption of short selling, the market has partially resumed. We decided to minimize the impact.” Immediately after the first extraordinary meeting on the 3rd, Eun is the chairman’s explanation.

The Kyunghyang Shinmun (short selling resumed on May 3rd… criticism of’election consciousness’), however, said, “An’ambiguous soft landing’ that the financial authorities extended 45 days due to the addition of pressure from politics ahead of the April by-election to the insistence of abolishing short selling by strong individual investors. It was interpreted as having tried’.’ “The ban on short selling can only grow the wind in an inflatable balloon, so it is difficult for the authorities to neglect it and the politicians who exerted pressure to be free from responsibility if an item collapses at some point” (Professor Jeon Seong-in, Hongik University) said. The Korean Stock Investors Association CEO Eui-jeong Chung argued in the Kyunghyang Shinmun that it was a “measure for elections” and “it is only a countermeasure against which the short selling forces continue to easily take the property of individual investors.”

The Kookmin Ilbo (against ants’ opposition… and prolonged’prohibition of short selling’) also said, “In the financial sector, it is pointed out that short selling is resumed after the April by-election (April 7). In the meantime, political circles, especially the ruling party, have strongly insisted on extending the ban on short selling, conscious of the votes of individual investors (Donghak ants).” It also paid attention to the change in the position of the Financial Services Commission, which strongly insisted on ending short selling. The following article (which is less than the permanent ban, but… expanding personal short sale accessibility’real profit’) was announced by the Financial Services Commission, which said that’the ban on short selling is scheduled to end on March 15,’ until mid-month last month, Prime Minister Jeong Sye-gyun banned short selling It was reported that four days after the possibility of extension was suggested, the position changed.

There are also concerns that short selling has become possible for Celltrion and HLB, which are major short selling targets. The Seoul newspaper (anti-short selling ban extended ants’half victory’) said, “If short selling of large-cap stocks is allowed in the future and the overall index falls, small and medium-sized stocks will not be able to escape from the declining typhoon zone.” Kim Sang-bong, a professor of economics at Hansung University, wrote in this newspaper, “If the system is not supplemented even if the extension is extended, the’Game Stop situation’ in the US (individual investors opposing the short selling of hedge funds and buying Game Stop stocks to raise the stock price) It could also happen in Korea,” he said. “If that happens, institutional investors can go bankrupt, so we need to improve the system in terms of protecting the institution.”

It is pointed out that fundamentally, the controversy over short selling was only postponed. There are voices calling for the maintenance of a’tilted playground’, which is inevitably beneficial to foreign investors and professional investors with strong intelligence. The Dong-A Ilbo (resuming short selling of large stocks only from May… “Are you aware of ants in April”), saying, “By May 3, when partial resumption begins, we must come up with a complementary measure to correct the’tilted playground’ that is unfavorable to individuals.” Urged. The newspaper said, “There are also evaluations that it would have been a burden for the Financial Services Commission to fully resume short selling without maintaining a slanted playground.” “Global institutions consider short selling as a major evaluation factor when evaluating country-specific credit ratings. He also expressed concern that if the ban is not completely lifted, Korea may be stigmatized as a’prohibited country for short selling’ and foreign funds may escape.”

The Hankyoreh Editorial (renewal of’prohibition of short selling’, the source of illegal transactions should be blocked) said, “It is most important to block illegal transactions at the source and strengthen penalties to the extent that they are expelled from the market if caught. That way, we can relieve the market’s doubts about illegal short selling and restore trust.” “I will add a sentence for illegal short selling and impose penalties on unfair profits, but the punishment level is still very low compared to the United States and the United Kingdom. This time, the inclined playground must be corrected.”

Suspicion of’North Korea Nuclear Power Plant’,’Frame Covering’ Strategy… The power of the people who only brought headwinds

The power of the people is raising suspicion that the South Korean government tried to build a nuclear power plant (nuclear power plant) in North Korea in secret. Kim Jong-in, the head of the People’s Forces Emergency Response Committee, referred to this as a “transfer act”, and the Blue House, which had kept a distance from the usual pending issue, came to review the “legal response”. The act of deleting a document related to the North Korean nuclear power plant by a government official of the Ministry of Trade, Industry and Energy remains suspicious, but the assertion of the people’s strength that precedes the grounds of color theory is evaluated that both justification and persuasive power are inferior.

The Kyunghyang Shinmun (Don’t ask the truth about the truth… ahead of the election, Dojin’s’Dakgong Politics’) said, “In addition to the government’s release of documents and the explanations of officials from the 2018 inter-Korean summit, North Korea’s nuclear power plant is not feasible. It is to push the position,” he criticized. The newspaper said, “The offensive of the power of the people is interpreted as the intention to dominate the public opinion by putting a frame of’transfer’ and’pro-North Korea’ which is unfavorable to the Democratic Party ahead of the by-election of Seoul and Busan mayors in April. However, it raises suspicions about the North Korean nuclear power plant every day, but it has not been able to provide a basis for refuting the clarifications the government provides.”

However, he also pointed out that the Democratic Party has brought up a’pro-Japanese frame’ toward the people’s strength. Senior spokesman Choi In-ho has described the pledge of “promoting the Korea-Japan submarine tunnel” made by the power of the people as “invoking bad pro-Japanese DNA”. The Kyunghyang Shinmun said, “Ahead of the election, the opposition party’s’strength’ is eventually interpreted as a strategy to mobilize more support groups and pull the middle class toward themselves through hostile attacks on the other party. However, there are also concerns that an unreasonable attack could lead to’popular Ivan’ or’political hatred’.”

The power of the people was revealed in the National Assembly questionnaire starting on the 4th, and the fact that the Democratic Party had set up a strategy to impose a’sexual violence frame’. The People’s Power In-House Administration Bureau released a report on the’Regarding the Preliminary Strategic Meeting for Government Questions’ on the 2nd, it said that it was necessary to consistently cover the frame of’anti-business, anti-market economy, anti-lawism, and sexual assault’. The Seoul Newspaper (the power of the people “question by the government, highlighting the old sexual assault” and “I would rather be fake news”) said, “It seems a strategy to remind the heads of the ruling party’s wide-ranging groups of sexual assaults ahead of the by-election of the Mayor of Seoul and Busan on April 7th. I said.

Criticism of this document was dated, Ho-young Joo, the National Powers, said, “It was the intent that the in-house administration made the aides to focus on these things in a meeting on what subjects they would question the government on.” “What went wrong?” Are doing.

In this regard, the editorial in the Kyunghyang Shinmun (the’National Assembly’s Questionnaire Guidelines’ of the anachronistic people’s power) is an anachronistic idea that sees lawmakers as the pawns of the chess board, and the old form of’remote control politics’. “The power of the people is caused by internal documents. Faced with controversy and headwinds, this guideline should be abolished from the question of the government in the areas of politics, diplomacy, reunification and security on the 4th.”

In the Dong-A Ilbo editorial (the first opposition party following the ruling party while criticizing the’prepaid regime’), “It is the main role of the opposition party for opposition lawmakers to criticize the problems of government policy and propose alternatives. However, if the question of the government is tailored to a specific frame, there is a high probability that it will be transformed into a one-sided stigma rather than a policy battle. “The opposition party is more focused on discovering an agenda that can lead the government rather than cling to political engineering such as the frame war. I have to do it.”

Conservative newspaper-centered opposition to promotion such as’preliminary and false information damage compensation triple’

In addition, on the 3rd, the Democratic Party decided on a legislative policy related to the press, named as the “Press People’s Lives Act”. These are six bills, including the Media Arbitration and Relief Act, which holds up to three times the liability for damages caused by false information, strengthens political information, and expands media arbitration members.

Among the newspapers on the 4th, the Chosun, JoongAng, and Segye Ilbo dealt with this critically. The Chosun Ilbo (the National Assembly expert member “violation of the constitutional excess ban” and “excessive burden of the press”) of the Ministry of Culture, Sports and Tourism said, “The Democratic Party is advocating’eradication of fake news’ as a justification. However, academics were concerned about the decline in freedom of expression. “If the Democratic Party legislation is legislated, the press can feel pressured to raise legitimate suspicions by being trapped in the frame of “fake news”.” JoongAng Ilbo said, “The ruling party aims at the media after the prosecution… An article titled “Intent to be gagged” was posted.

In the case of the Segye Ilbo, in the editorial (the ruling party’s media reform legislation that raises concerns about the infringement of freedom of expression), it is pointed out that the meaning of the word’reform’ has changed to’coded’ that enforces pro-government orientation as revealed in the controversy over the reform of the prosecution. Is raised. Some say that the Moon Jae-in administration, following the prosecutors and courts, has taken steps to reform the media, he said. “If the ruling party pushes for media reform with impure intentions, you should know that it will face a fierce headwind.”

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