Kim Jin-wook, Head of the Corruption Investigation Office, Holds Mikobiomed Shares... "Will Dispose"

"No Change in Position to Sell All Stocks"

[Asia Economy Reporter Park Sun-mi] Kim Jin-wook, head of the High-ranking Officials' Crime Investigation Unit, stated that although he still holds some shares of MikobioMed, which has been suspected of using undisclosed information, he remains committed to disposing of them soon.

On the 1st, the Corruption Investigation Office for High-ranking Officials (CIO) said, "The MikobioMed shares held by Director Kim were determined by the Stock Blind Trust Committee to have no relevance to his duties, but he remains committed to disposing of all the shares he holds. Shares that are unrelated to duties can be held as is, or additional purchases and sales are all possible. Some of the shares have already been disposed of, and sales of the remaining shares are also underway."

Director Kim acquired shares of a company led by an alumnus he studied with in the U.S. while working at the Constitutional Court in 2017. Five months later, this company merged with MikobioMed, making him a shareholder of MikobioMed. This raised suspicions that Director Kim used undisclosed information to gain speculative profits. Director Kim announced at the personnel hearing in January that he would dispose of all the shares he holds.

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