SEOUL, Sept. 24 (Korea Bizwire) — South Korean regulators said Tuesday they had broken up a sophisticated stock manipulation scheme involving some of the country’s wealthiest business operators and financial insiders, in what is being billed as the first major case under President Lee Jae-myung’s new crackdown on market abuses. The Financial Services Commission, the [...]
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 [...]
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 [...]