Stock Manipulation Warnings: Do Market Regulations Work?

In the stock market, 'investment warning' designated stocks are actually accompanied by sharp price surges, causing concern among individual investors. Despite consecutive three-year operating losses, stocks designated as 'investment warning/risk' due to being linked to specific themes have surged over 1000%, attracting individual investors. This phenomenon raises questions about whether the system designed to prevent stock manipulation is functioning as intended.

Hyungji Global's stock price surged on news of its trademark application for stablecoins, unrelated to its core business. As the thematic fever cooled, individual investors who bought at the peak suffered losses, highlighting the risks of chasing high prices. Orient Precision Engineering, after being classified as a Lee Jae-myung theme stock, soared from the 1,100 won range to 19,220 won, only to plummet back to the 1,600 won level, exhibiting a typical surge-and-crash pattern.

Market participants point out that people tend to remember not the content of official notices or warnings, but rather the 'outcomes': how the stock price moved after the warning, who made money, and who bore the losses. For 'ruin through manipulation' to be more than just a slogan, it requires realities backed by strict enforcement, an opinion has been raised.