Daol Investment Securities "Sale Rumors Not True... Strong Response to False Information Dissemination"

Daol Directly Reports to Financial Supervisory Service Regarding False Information Dissemination

[Asia Economy Reporter Kwon Jae-hee] Amid the widespread rumors of sales and other speculations involving securities firms and construction companies following the LegoLand fallout, Daol Investment & Securities has reportedly directly reported the dissemination of false information to the Financial Supervisory Service's joint inspection team.

On the 20th, Daol Investment & Securities announced that it had filed a report with the Financial Supervisory Service's Securities Unfair Trade Reporting Center and the Investigation Planning Bureau.

The previous day, through an information sheet (jirasi), rumors spread rapidly about the bankruptcy of construction companies and sales rumors involving some securities firms, including Daol Investment & Securities, due to the default impact of Gangwon-do LegoLand.

A Daol Investment & Securities official stated, "Although we initially intended not to respond to the absurd content of the jirasi, we recognized the seriousness of the matter as it adversely affected the company's image and stock price, and decided to take a strong stance. We directly reported the issue to the Financial Supervisory Service."

On the same day, Daol Investment & Securities' stock price closed at 3,195 won, down 9.10%.

Daol Investment & Securities also explained that although it is true that the real estate market is sluggish due to interest rate hikes, the company is not vulnerable enough to be put up for sale, having secured sufficient liquidity and risk management.

Meanwhile, the Financial Supervisory Service announced that it will operate a joint rumor crackdown team in cooperation with the Korea Exchange and others for focused monitoring. In particular, it will intensively crack down on acts of spreading false rumors involving the mention of individual companies by name, liquidity crisis rumors, bankruptcy and sales rumors, as well as false rumor dissemination related to corporate bonds and asset-backed commercial paper (ABCP) bond markets.

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