stock manipulation Archives

Regulator Sends Kakao, Entertainment Unit to Prosecutors over Allegation of Stock Manipulation

SEOUL, Oct. 26 (Korea Bizwire) — The financial regulator said Thursday it has sent Kakao Corp., its entertainment subsidiary and three senior executives to prosecutors over alleged stock price manipulation in connection with a takeover bid. Kim Beom-su, founder of the social media giant Kakao, was not included in the list, according to the Financial [...]

Revised Law to Allow Confiscation of Seed Money in Stock Manipulation Cases

SEOUL, May 23 (Korea Bizwire) — Stock manipulators will face confiscations of not only illegal gains but also their seed money under a revised capital market law that seeks to raise the integrity of the market. The National Assembly on Friday approved a partial revision to the Financial Investment Services and Capital Markets Act aimed [...]