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Journalist and Accountant Collude for Insider Trading… Punching 9.3 Billion Won
Summary
Journalist and Accountant Collude to Plunder 9.3 Billion Won Through Insider Trading: Financial authorities have uncovered two cases of fraudulent trading—a stock manipulation ring involving an accountant and an incumbent journalist, and an exclusive insider trading case by an incumbent journalist—and referred the individuals involved to the prosecution. On the 18th, the Financial Supervisory Service's Special Judicial Police for Capital Markets…
Financial Supervisory Service uncovers insider trading involving reporters; 9.3 billion won in illicit profits secured. Seven individuals, including incumbent reporters and accountants, referred to prosecution. Over 1,800 articles utilized the scheme; stocks were purchased and sold prior to distribution. The reporter who committed the exclusive crime also pocketed 750 million won. It has been discovered that an incumbent reporter and a certified…