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short selling for profit by selling it was temporarily banned, but the government decided to extend the ban for another month and a half until early May.

Fierce opposition from individual investors and political opposition conscious of the April election appear to have had an impact.



This is reporter Jeon Hyeong-woo.



<Reporter> The



Financial Services Commission has decided to extend the ban on short selling in the stock market, which ends on the 15th of next month, by a month and a half until May 2nd.



Even if it resumes from May 3, only short selling of large stocks included in the KOSPI 200 and KOSDAQ 150 will be allowed first, and the ban will be extended indefinitely for the rest of the stocks.



[Sungsu Eun/Chairman of Finance Committee: After fixing the system, it was May 3 that the earliest technically possible date was set for a test run (which I have to try) for a period of about 2 months.]



Voices of extension of 3 months, mainly from individual investors and politicians, voiced. When it came out violently, some analysts say that the financial authorities eventually compromised with a month and a half extension.



[Seo Ji-Yong/Sangmyung University Business Administration Professor: It seems that it will take at least 6 months or even a year to build the system.

(Individual investors) Waiting until the clamor subsides (without measures) doesn't look good.] The



financial authorities plan to supplement the system unfavorable to individual investors before resuming short selling.



From May 3, when short selling resumes, the'Personal Stock Loan Service' starts to expand the extent of individuals' participation in short selling.



Financial companies raise 2~3 trillion of funds, so individuals can borrow stocks and sell them shortly. As the risk is high, initial investment is limited to 30 million won.



In addition, the Financial Services Commission announced that it will complete system improvements before resuming the system, such as creating a dedicated organization to detect illegal short selling and strengthening penalties.



(Video editing: Wonhee Won)