Presidential hopefuls seek support from retail investors
Posted : 2021-07-05 08:48
Updated : 2021-07-05 08:48
Former Democratic Party of Korea Chairman Lee Nak-yon, center, speaks during a roundtable at the Korea Financial Investment Association headquarters building on Yeouido in Seoul, Friday. Courtesy of Lee s office
By Park Jae-hyuk
Presidential hopefuls are making frequent visits to the financial district of Yeouido in Seoul, apparently seeking to win the hearts and minds of retail investors who have become an influential voting bloc since the stock market boom that started last year.
On Friday, former Democratic Party of Korea (DPK) Chairman Lee Nak-yon, one of the ruling party s presidential contenders, attended a roundtable held by DPK lawmaker Hong Sung-kook at the Korea Financial Investment Association headquarters building on Yeouido.
May 3, 2021
Retail traders who drove record gains in South Korean stocks during the darkest days of the pandemic have been bracing for a new threat the return of institutional players betting on share-price declines.
The world’s longest ban on short-selling stocks came to an end Monday, with stocks fluctuating between gains and losses. Nevertheless, the end of the ban has individual investors scrambling for strategies to protect their portfolios.
Some have cashed out large chunks of their holdings over recent weeks, while others are toying with the idea of trying short selling themselves. One influential group, the Korea Stockholders Alliance, even vowed to gather day traders into a force to fight short-sellers much the same way their U.S. peers took on Wall Street over GameStop Corp. if equities begin to tumble.
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Retail investors vow war if short-sellers end South Korea stock rally japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.