‘Stock debt investment’ surge… Securities companies halting credit loans

Mirae Asset, NH, Samsung, Daeshin, etc.
Debt investment exceeded 21 trillion… Over 11 trillion KOSPI
Lee Joo-yeol “Shakes even in small shocks when speeding up”

Reporter Seung-Joo Lee = As the size of the’stock debt investment’, which invests in stocks by debt, increased, voices of concern grew, and brokerage companies started to suspend credit loans one by one.

According to the financial investment industry on the 19th, NH Investment & Securities will temporarily suspend credit transactions and securities mortgage loans from the 21st until separate notice. However, it is possible to extend the maturity of the existing loan balance if the conditions are met, and it is possible to exchange a sell-off loan and a collateral item.

Mirae Asset Daewoo also announced that it will be suspended from 8 am on the 20th until a separate notice. New loans secured by securities, including pension type, plus loans, and automatic unpaid loans are blocked. However, it is possible to buy and sell credit loans, sell-to-sell loans, and microautomatic loans.

As individual investors’ credit loans have recently increased and their own loan limits have run out, it is analyzed that securities companies have stopped or partially limited their credit loans. According to the Capital Markets and Financial Investment Business Act, when a comprehensive financial investment business entity provides credit, the total amount must not exceed 100% of its equity capital.

Previously, Samsung Securities and Daishin Securities have also taken measures. Samsung Securities has suspended credit loans since the 13th, and the resumption date has not yet been confirmed. In this regard, an official from Samsung Securities said, “It is because the number of subscribers has increased during the recent stock market boom rather than the increase in per capita loans.”

Bank of Korea governor Lee Ju-yeol speaks at a press conference on the direction of monetary policy held at the Bank of Korea in Jung-gu, Seoul on the morning of the 15th.

Daishin Securities also announced on the 18th that it would temporarily suspend the purchase of credit loans. While both credit loans and large loans are impossible, a sell-off loan is possible.

Eugene Investment & Securities partially limited its services. On the 15th, he said, “It may not be executed smoothly depending on the item because of the company limit or the item limit,” saying that it will partially restrict the service of credit loans and securities secured loans. It was announced that it is subject to change depending on intraday trading and repayment amount, and that it may not be possible to execute a loan for repayment of accounts receivable. However, a sale-backed loan can be used.

Recently, concerns are growing as the scale of’stock debt’ exceeds 21 trillion won. According to the Korea Financial Investment Association, the balance of loans as of the 14th was 21,2826 billion won. Even the size of the KOSPI exceeded 11 trillion won.

In response, Lee Ju-yeol, governor of the Bank of Korea, said at a press conference held after the Financial Monetary Commission meeting on the 15th. I’m paying attention,” he said.

He said, “It is difficult to judge whether it is a bubble or not, but it is true that the rate of recent (share price rise) is much faster than before in the past.”

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