<Anchor> It is a
friendly economic time. Reporter Kim Hye-min is also here today (28th). Hello, reporter Kim? Is it from next week. Short selling and short selling, which used to be a lot of talk and a lot of masks, are starting now. You said there are some things that change?
<Reporter>
On the 3rd of next month, it's Monday next week. From this point on, short selling resumes. First of all, only some large stocks are released first, but in Korea, short selling has been much more advantageous to foreigners and institutions.
So individual investors have argued that short selling should be banned forever.
However, the government re-enacted, but said it would improve the system, and some of the systems were changed this time.
Short selling means betting on a falling stock price. It is a trading technique that borrows missing stocks from a securities company, sells them first, and buys them back later.
If you want to sell short, you have to lend stocks to securities companies to sell and invest. In the past, there were only 6 securities companies that lent stocks to individual investors, and the number of loans was small.
However, starting next week, 17 large brokerage firms will lend short-selling stocks to individuals, and 11 small and medium-sized brokerage firms will begin service within this year.
In addition, individuals can rent out all stocks for which short selling is resumed.
Punishment rules are also becoming more stringent.
In 2018, Goldman Sachs was caught selling unborrowed short sales in Korea, but the cotton bat was punished and was the subject of criticism.
Now, if you sell illegally, you will be fined as much as the order amount, or you will be sentenced to more than one year in prison.
<Anchor>
Reporter Kim, what I've been explaining right now are those that are beneficial to individual investors. But you say there are still a lot of disadvantages left?
<Reporter>
First of all, there is a difference from the'collateral ratio', and the collateral ratio refers to the ratio that the borrower of stocks must maintain as a balance.
It is 105% for institutions and foreigners, but 140% for individuals.
In addition, the period of repayment after borrowing is'anytime when repayment is requested' for institutions and foreigners, but this is actually an indefinite period. However, individuals only have a maximum of 60 days.
What individual investors have been arguing over the years is that if they will resume short selling, they asked to create an environment where they can compete fairly, so the degree to which the financial authorities' reorganization of the system makes the slope of the'sloping playground' a little more gentle. There are only some criticisms like this.
<Anchor> From the
standpoint of individual investors, there still seem to be a lot of regret. But in the end, even individual investors can sell short. Simply put, but you have to be careful.You said there was a new system that could do this carefully?
<Reporter>
Individual investors who have never invested in short selling should receive training first.
This has already started from the 20th, and you have to complete 30 minutes of pre-training online and 1 hour of mock transaction.
You can easily find it by entering the address listed below. (Pre-education ▶Shortcut mock transaction ▶Shortcut)
In addition, the maximum amount that can be invested varies depending on the investment experience.
New investors can make short-selling investments only within 30 million won. In some cases, you can invest without limit.
Investors must sign a contract with a securities company. It is important to note that failure to comply with the collateral ratio set in the contract may result in forced liquidation due to counter trading.
<Anchor>
So, as it is a new investment method, let's study a little and invest carefully. By the way, short selling means betting on a fall in the stock price in the end. Then, many investors in general are worried that the stock will not fall when this short sale starts. How about it?
<Reporter>
I was also curious about this part the most. First of all, let's look at the situation of'Loan Balance'
That's because investors haven't paid back after borrowing stocks. It serves as a leading indicator for short selling.
As of the 23rd, the balance balance amounted to 54.33 trillion won, which increased by 3,144.6 billion won in one month.
As the balance sheet is increasing quite a bit, there will be some demand for short selling in the beginning, which can be expected.
Collecting the opinions of experts, there are many companies whose performance has improved recently, but these companies did not think that the impact of the short selling force would be significant, whereas, on the other hand, we predicted that stocks whose performance was below expectations could be the target of the short selling force. . In particular, he advised that you should be careful with stocks with increased balances.