[이코노믹리뷰=정다희 기자] Finance Commissioner Eun Seong-soo said, “It has not been confirmed yet” as to whether the short sale will resume. Chairman Eun expected that the resumption of short selling would be decided in February.
Chairman Eun said in the’Financial Commission 2021 Government Affairs Report’ on the 18th, “A report that the government has confirmed the resumption of short selling or has decided to extend the ban on short selling can cause great confusion in the market.”
The Financial Services Commission has previously adhered to its existing position that the ban on temporary short selling due to Corona 19 will end on March 15.
Chairman Eun said, “The matters related to short selling have been decided at a meeting of the Financial Services Commission consisting of nine members, and it will be a matter to be decided in the future.” said.
Chairman Eun said on the day, “For illegal short selling, through recent revisions to the law, criminal penalties such as penalties up to the order amount and imprisonment for more than one year have become possible.” We are building it.”
Short selling is a trading technique that borrows stocks in anticipation of a decline in stock prices, places a sell order first, and then buys stocks again at a lower price to see the profit. Although it has a net function of helping the stock price remain at an appropriate level, it has been criticized for being difficult for individual investors to access and a system that is more advantageous to institutions and foreigners.