Photo = News 1
“I am filling my stomach with the tears of individual investors, and I declare a war against the short selling forces that have used the Korean stock market as ATMs. This will be a strict judgment and I believe that this will be the way to guide the correct policies of the financial authorities. “
The war between short selling and ants began in Korea. This is because the Korea Equity Investors Association (Han Tu-yeon), an individual investor rights protection organization, declared the Korean version of the anti-short selling movement. As such news became known, Celltrion, which has the most short selling among domestic stocks, is rising 11.57% as of 11 am on the 1st.
CEO Jeong Eui-jeong Han, Too-yeon Han, held a press conference on this day and officially declared a war against short selling. In a statement, CEO Jung said, “We are taking action to correct the evils of short selling and to protect the rights and interests of 7 million stock investors in Korea.” I will go on to fight. I will fight in solidarity.”
There are four major problems with short selling. “First of all, short selling in Korea has no compulsory repayment period, so it has been parasitic to one company for at least 10 years and hinders the development of the company.” “With little margin, 20 times leverage is possible. There is no tax on profits, so it is merciless He said that the damage is ultimately up to the individual as a result of a situation where he is eager to sell large-scale short sales.
The Korea Stock Investors Association (Han Tu-yeon) announced on the 1st that it will travel between Yeouido and Gwanghwamun in Seoul by affixing a banner requesting the abolition of short selling and dismantling of the Financial Services Commission on promotional buses. Photo = Han Tu Yeon
“Short selling is designed to be unilaterally advantageous to foreigners and institutions. In particular, foreigners are earning more than 100 trillion won in the domestic market every year. Over the past 27 years, foreigners have earned 36 times the KOSPI increase rate.” did.
CEO Jung explained that it is also a problem that the financial authorities punished the stock price with bad rumors and poor quality reports. He also pointed out that it is doing anti-social investments, focusing on future industrial companies that will grow the domestic economy for immediate profit.
“In order to correct the unfairness of short selling, the ban on short selling should be extended by one more year,” he said. “Before short selling resumes, a 100% computerized, zero-defect, zero-borrow short selling detection system must be introduced.”
Han Tooyeon announced that it opened a KStreetbets (KSB) site, focusing on the fact that US individual investors competed with the short selling hedge fund centering on Reddit’s’Wall Street Betz’ bulletin board.
CEO Jung said, “To drive away the power of short selling, we will take a group action with Celltrion and HLB, which have a high proportion of short selling in the KOSPI and KOSDAQ, respectively, with 6.57% and 4.83%,” he said. “It plays a central role in preventing damage to shareholders of domestic growth companies. I will do it.”
Below is <공매도, 1년 연장 후 폐지 논의해야-한투연 성명서> specialty
The Korea Stock Investors Association (hereinafter referred to as Han Tu-yeon) proclaims the following actions to correct the evils of short selling and protect the rights and interests of 7 million stock investors in Korea.
Short selling is a system commonly used in many countries around the world, but as seen in the recent US’Game Stock’ situation, it is an investment technique in which interests between investors are sharply mixed and serious harm occurs depending on the management method.
After the IMF, Korea’s stock market has become an inclined playground represented by short selling and has brought astronomical wealth to foreigners and institutions. They lived as victims of constant exploitation.
Over the past decade, individual investors have made numerous requests to the financial authorities for improvement of the short selling system, but the authorities have consistently responded that they had no problem with pure functioning like a parrot.However, on January 17th, the abolition of short selling proved to be the answer by a shocking thesis by a professor’s team at Hanyang University that said that short selling brings 39 times more profits than individual investors. 39x return is a crime, not an investment game. Why should the people become victims of giving their property to the short selling force indefinitely and indefinitely? The Financial Services Commission must provide statistical data before resuming short selling to determine which gambling houses in the world’s stock markets have a win rate that is close to 100%.
The typical harm of short selling in Korea is as follows.
(1) Short selling in Korea has no compulsory repayment period, so it has been parasitic to one company for at least 10 years, hindering the development of the company. In addition, it is possible to leverage 20x with almost no margin, and it is possible to sell shorts exceeding the number of shares by infinite reloan. Since the subject of short selling is covered by a veil, faceless, covert crimes are rampant, and since there is no tax on profits, there is a situation where people are constantly concerned about ruthless large-scale short selling. In addition, the hand of the god of the market maker is added to achieve the feat of the world, and the damage is the sole responsibility of individual investors.
(2) Until now, foreigners and institutional investors have been unilaterally wielding the advantageously designed short selling system as a report of imputation to mass-produce the damages of numerous individual investors. Foreigners earn more than 100 trillion won each year, and they have earned 36 times the increase rate of the KOSPI over the past 27 years.)
(3) In addition, despite the fact that they are committing a number of illegals, illegals, and expedients, such as producing malicious rumors and low-quality reports for stock price declines, and routinely committing non-borrowing short selling, the financial authorities have consistently punished with cotton bats, so the short selling forces inclined too easily Jean was able to build a playground.
(4) Due to the permanent loss of individual investors, the saying,’If you stocks, you lose,’ has become hardened like an old adage, and the era of suffering for individual investors such as family dissolution and extreme choices has been recognized as a fate. Because of short selling.
(5) Short selling, although it is difficult to make a profit right away, focuses on companies belonging to the growth industries and future industries, which are essential for the future of mankind.
In order to correct injustice, the ban on short selling in Korea should be extended for one year.
The resumption of short selling in a state in which system improvement, which can be fundamentally eradicated by illegal short selling, has not been completed is an act of begging to get on the ship as soon as the time has come before the hole in the shipwreck has been repaired. Only short-selling investors are wearing life jackets, who will die and who will survive?Short-selling advocates argue that short-selling agents are omnipotent, so that only they can find prices, remove bubbles, and govern the market, but the market is not foolish. Is there any statistics wrong with the short selling ban? none. There is something they hide in the end. It means that he wants to make a lot of money by artificially intervening in the stock market.
(1) Before resuming short selling, a 100% computerized, zero-defect, zero-borrow short selling detection system must be introduced, and illegality must be detected in real time every day, not every one month. If you have a conscience about how much tax an individual investor pays when you use it as an excuse, remember.
(2) After investigating the profits of major countries and Korean short selling agents for 5 or 10 years, it is necessary to compare the two objective figures to determine whether or not short selling exists through social discussion.
(3) The government should immediately begin a pan-national discussion to establish the so-called’capital market season 2′, which will overhaul the current capital market, which mass-produces damage to individual investors.
(4) The Financial Services Commission concealed and curtailed the case of the market maker’s short selling of 4408 billion won, which was poured out on the ban on short selling on March 16 last year, but clarify the truth. If not, you must perform a special examination.
We will carry out the’anti-short selling movement’ by incorporating reddit Wallstreetbets into Kstreetbets, following the method of US Gamestop shareholders who won the short-selling hedge fund, and this will be a war against short-selling.
Our actions, armed with speculative capital and the logic of barbarism, will be a rigorous judgment for short-selling investors who have filled their stomachs with the tears of ant investors and have used the Korean stock market as an ATM, and guide the correct policy of the financial authorities. Believe.
Short-selling investors, who have accumulated astronomical wealth by exploiting Korea’s loose legal system, should now look at the mirror engraved with fairness and equality, and if they refuse, financial authorities must dig into their past and put them in court.
History that is misused must be corrected. In response, Tooyeon Han decided to take the following actions in solidarity with Donghak Ant, Seohak Ant, and Robin Hood in order to fight the association with the short selling force.
(1) Tooyeon Han opened a site called kstreetbets, a Korean version of reddit wallstreetbets, with 7 million individual investors participating to create a venue to protect their rights and interests. This aims to play a central role in preventing damage to the shareholders of numerous growth companies caused by the sound development of the Korean stock market and short selling.
(2) From today, Celltrion (No. 1 in KOSPI short-selling balance) and HLB (No. 1 in KOSDAQ short-selling balance), the leading victims of short selling, announced that they will alliance to fight against short selling, and many listed company shareholders with concentrated short selling in the future. And will continue to work together.
(3) Kstreetbets will be in solidarity with American wallstreetbets. Together with foreign individual investors who resist the injustice of short selling, such as Robin Hood, we will contribute to the advancement of the spring day of the Korean stock market through actions such as coping with the Korean short selling forces.
Dear 7 million Donghak ants, we know that we are weak by ourselves, but strong when combined. Let’s gather together in a way. Let’s meet at Naver Cafe Hantuyeon. We must protect our rights and interests that the government does not protect. I wish everyone a wealthy person through stock investment. thank you.
Yoon Jin-woo, reporter at Hankyung.com [email protected]