Woo Sang-ho "Welcome Extension of Short Selling Ban... Need to Create Stable Investment Environment"

On the 14th, Woo Sang-ho, a member of the Democratic Party of Korea who declared his candidacy for the April 7 Seoul mayoral by-election, held a press conference at the National Assembly Communication Hall and announced health and safety policies for Seoul citizens, including compensation insurance for business suspension of small and medium-sized enterprises and self-employed workers, and the introduction of COVID-19 citizen safety insurance. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Koo Chae-eun] Woo Sang-ho, a member of the Democratic Party of Korea running for the Seoul mayoral by-election, stated on the 3rd, "I welcome the financial authorities' decision to extend the ban on short selling."

Woo said, "The era of the 3000-point stock market was achieved by individual investors investing in South Korea."

He mentioned, "It is not desirable to resume short selling while the serious distrust that it is unilaterally disadvantageous to individual investors has not been resolved."

Woo emphasized, "We must join forces to create conditions where individual investors can invest in our companies in the stock market in a long-term and stable manner, so that even the small hopes of ordinary people are not taken away by large foreign capital."

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