[서울신문] Dangjeong, weighing on’extending the ban on short selling’… Prime Minister Chung also “resumes after improvement” (total)

The government and the ruling party are trying to extend the ban on short selling, which is scheduled to end on March 15th.

In addition, a spokesman for the Democratic Party, 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 organized 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-soo, chairman of the Financial Services Commission, that he would discuss with the National Assembly?

An official from the policy committee also met with reporters, saying, “I had more time, so I decided to make a decision while looking at the market situation.”

Prime Minister Jeong Sye-gyun also expressed a similar opinion in YTN’s’Evening with News’ on the same day, saying, “It is not desirable to resume short selling without prior system improvement.”

Prime Minister Chung said, “The short selling system in Korea has not been properly operated until now. There must be improvements or supplementary measures for the system that has been mismanaged. “Foreigners and institutional investors have not properly followed the rules, and relatively small and individual investors are conscious of damage. Healing for him comes first.”

He also pointed out that “this system is not only in Korea, but all countries have it, so we have no choice but to respect the global standard, but it is difficult to operate it in the way it has been operating until now.”

Democratic Party lawmakers Song Young-gil, Woo Sang-ho, Yang Hyang-ja, and Park Yong-jin have publicly insisted on extending the ban on short selling.

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

Rep. Woo also said, “The short sale 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 ban period has to 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,” and said, “It is a comprehensive consideration, including system improvement, and we will not eliminate short selling itself.

Reporter Shin Jin-ho [email protected]