[Alpha Biz=(Chicago) Reporter Kim Jisun] With Kiwoom Securities facing KRW 500 billion in unpaid bills due to the lower limit on Youngpoong Paper, the securities industry has blocked margin transactions for soaring stocks in a row.

According to the financial investment industry on the 24th, Samsung Securities has set a consignment margin ratio of 100% for 18 stocks, including POSCO Holdings, LS Networks, Hanmi Semiconductor and Rainbow Robotics.

If a securities firm sets the rate of margin for a particular stock at 100%, the stock cannot use the margin, an ultra-short-term credit transaction, and can be purchased only in 100% cash.

Mirae Asset Securities also raised the margin ratio of EcoPro, EcoProBM, POSCO Holdings, Hanmi Semiconductor, Isu Petasys, Rainbow Robotics, POSCODX and LS Networks to 100%.

What they have in common is that they are on the adjustment list. As most of the stocks saw a surge in supply and demand from individual investors earlier this year, securities firms are believed to have started managing margin transaction risks after Kiwoom Securities' receivables caused by the recent Youngpoong Paper stock price manipulation scandal.

 

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