Investing
Retail Traders Board Battle Bus in South Korea War on Short-Sellers
- Anti-short-selling bus to drive around Seoul for about a month
- Pandemic-imposed short-selling ban is one of world’s longest
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In the U.S., small investors have defied short-sellers by banding together online, renting billboards in Times Square and even flying banners from planes; in Korea, they are driving a bus.
A group of influential Korean retail traders has declared “a war against short sellers,” under a campaign they are calling “K-streetbets,” mimicking the punters on Reddit’s now-famous WallStreetBets forum who coordinated a surge in video-game retailer GameStop Corp. to squeeze short-sellers.