![[서울신문] “Donghak Ant, only laughs until March 15th?”… Reconfirmed the official position of the Financial Services Commission (total)](https://img.seoul.co.kr/img/upload/2021/01/12/SSI_20210112165612.jpg "[서울신문] “Donghak Ant, only laughs until March 15th?”… Reconfirmed the official position of the Financial Services Commission (total)")
▲ On the 12th, in the dealing room of KB Kookmin Bank in Yeouido, Seoul, an employee is putting his hand behind his neck while watching the KOSPI market. On this day, the KOSPI retreated to 3047.56, a sharp drop of 3.20% during the week, but ended at 3125.95, down 22.50 points (0.71%) from the previous trading day thanks to personal buying.
Reporter Park Yoon-seul [email protected]
“Short selling, system improvement aimed at restarting in March”
Individual investors’Donghak ants’ strong opposition
‘Variables’ such as the corona situation and political movement
The Financial Services Commission reaffirmed its policy to finish improving the system with the goal of restarting short selling in March. Individual investors strongly oppose it, saying that it could instigate a decline in stock prices and that short selling is reserved for institutions and foreigners.
On the 12th, the Financial Services Commission announced in a letter notified on the 12th that “the financial authorities’ official position regarding the resumption of short selling, the remarks of the chairman of the Financial Services Commission at the weekly meeting of the Financial Services Commission on Friday (8th), and the text message sent on the 11th.”
Finance Commissioner Eun Seong-soo said at a meeting on the 8th, “The people have been a part of the stock market, and the recent stock index exceeding 3100 points is a big contribution to foreign net buying.” We plan to make more active efforts to strengthen it.”
The previous day, the Financial Services Commission announced in a letter of notice that “the temporary ban on short selling due to Corona 19 is scheduled to end on March 15.” “Strengthening punishment for illegal short selling with the aim of resuming short selling in March, improving the market maker system, and enhancing personal access to short selling, etc. We plan to finish improving the system.”
The Financial Services Commission drew a line when voices from both inside and outside the politics came out trying to extend the ban on short selling.
In addition, the Democratic Party’s Supreme Commissioner Yang Hyang-ja appeared on YTN Radio on the same day and said, “This is an example of showing that there is patriotism in the capital market,” over the recent stock market by individual investors to buy Samsung Electronics.
Chief Commissioner Yang said, “The’Donghak ants’ are not simply making money, they are investing in the Republic of Korea.” “This is a situation where fundamental doubts about short selling have not been resolved. If it resumes in this state, not only the market turmoil, but also individual investors’ backlash will be enormous.”
Congressman Park Yong-jin of the same party also publicly requested to the Financial Services Commission that the resumption of short selling should be carefully reviewed.
Individual investors,’Donghak Ants’, are also protesting that short selling betting on a decline in stock prices can pour cold water on the domestic stock market, which is showing strong performance.
Although the Financial Services Commission set a goal to resume short selling in March, variables still remain. While the Corona 19 situation has not ended, the direction of the stock market, political movement ahead of the re-election in April, and Donghak ants opposing the resumption of short selling are considered factors that will influence the decision of the Financial Services Commission.
On the afternoon of the 7th, at the Korea Exchange in Yeouido, Yeongdeungpo-gu, Seoul, securities company officials are celebrating the breakthrough of the’KOSPI 3000′. Yonhap News” style=”padding:0px;margin:0px”>
▲ Conquer Hill 3000… Celebrated Kospi
On the afternoon of the 7th, at the Korea Exchange in Yeouido, Yeongdeungpo-gu, Seoul, securities company officials are celebrating the breakthrough of the’KOSPI 3000′. yunhap news
Reporter Choi Choi [email protected]