"Heavy Limit-Up of NCSoft"... Exchange Launches Investigation into Price Manipulation Activities

[Asia Economy Reporter Lee Seon-ae] The Korea Exchange has launched an investigation into whether there was market manipulation related to an individual investor's net purchase of 500,000 shares on the 11th, when NCSoft recorded a limit-up.

According to the Korea Exchange on the 14th, the Exchange's Market Surveillance Committee has begun an in-depth investigation into NCSoft.

On the 11th, the day NCSoft announced its entry into the NFT (Non-Fungible Token) business, the stock price rose 30% from the opening price of 605,000 KRW to the closing price of 786,000 KRW.

It was revealed that on that day, a single individual account bought 703,325 shares of NCSoft and sold 210,933 shares, resulting in a net purchase of approximately 500,000 shares. This accounted for about 25% of the daily trading volume (3,655,331 shares) from a specific account.

The net purchase amount by this investor, based on the opening price of 605,000 KRW, is 297.9 billion KRW, and based on the closing price of 786,000 KRW, it is 387 billion KRW.

Among investors, suspicions have been raised that this individual investor may have made large-scale stock trades on the 11th, which was the futures expiration date in November, to gain profits from futures investments.

The investigation results are expected as early as this week, and if unfair trading is confirmed, the case will be transferred to the Financial Supervisory Service for a full-scale investigation.

This content was produced with the assistance of AI translation services.