[이번주 증시인물]Donghak Ant overturned the requirements of major shareholders and gained an extended short sale

[이데일리 이슬기 기자] Donghak ants emerged as the real world of South Korea. Not only did Donghak Ant’s arguments on the issue of the “large shareholder requirement,” which is the standard for imposing stock transfer tax, but also because it obtained an extension of the ban on short selling. This week’s stock market person looks back through a Korean individual investor called Donghak Ant.

The issue that made the Korean stock market the most upset this week was the extension of the ban on short selling, no matter what anyone said. The Financial Services Commission announced on the 3rd that it would extend the ban on short selling for about 7 weeks until May 2nd. Since it was already extended once, it should have been resumed next month, but due to the origin of Donghak ants, it was decided to extend it for 7 weeks. In addition, even after reopening, short selling is allowed only for large stocks with market capitalization such as’KOSPI 200′ and’KOSDAQ 150′.

In the end, it seems that the financial authorities have found a point of contact between Donghak Ant’s originality and the industry’s dissatisfaction. In the beginning, it was said that the ban on short selling could be extended for three months, mainly in the political world, but the response was that the financial investment industry was breathless as it drastically decreased to seven weeks. In addition, he said he would not resume short selling for all stocks, and said that individual short selling opportunities expanded, and some of the individual’s complaints were relieved.

However, it is pointed out that the fact that the financial authorities eventually extended the ban on short selling had no choice but to look at Donghak ants, which became huge forces in our society. This is a problem that meets the controversy over the stock transfer tax at the end of last year. If a certain stock was held more than 1 billion won, it was considered a’large shareholder’ and should have paid up to 33% of the profit as tax. Deputy Prime Minister Hong Nam-ki gave Kang Su to resign, but in the end the government followed public opinion.

The same is true this time. In particular, they were frowned upon in that the extension of the short sale ban is only carried out until immediately after the re-and by-election elections are over. When individual investors rebel against the government’s policy, the politicians come out and overturn. An official from a financial investment industry said, “Following the issue of the transfer tax of major shareholders, this extension of the short sale ban also means that the government has finally noticed Donghak ants.” It’s no different from doing it,” he scorned.

With Donghak ants entering the stock market steadily, their right to speak is getting stronger. This is why it is considered that there is a high possibility that the breath of Donghak ants will continue to act on issues related to the stock market. According to Market Point on the 6th, only KOSPI and KOSDAQ stocks bought by individuals this year amounted to a total of 271 trillion won. The financial investment industry is watching with a tense look as to how far the influential Donghak ants can lead the issue.