Prosecutors Raid KH Philux... Suspected Stock Price Manipulation
Prosecutors have launched a search and seizure operation against KH Philux, a major affiliate of KH Group, over suspicions of stock price manipulation.
According to the prosecution on the 21st, the Financial and Securities Crime Joint Investigation Team (led by Dan Seonghan) of the Seoul Southern District Prosecutors' Office began a forced investigation into KH Philux from the morning. The search and seizure targets reportedly included the bio business and finance-related departments.
Hot Picks Today
If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- Taking Vitamins for Health? The Hidden Dangers: Increased Risk of Stroke and Cancer
- Room Prices Soar from 60,000 to 760,000 Won and Sudden Cancellations: "We Won't Even Buy Water in Busan" — BTS Fans Outraged
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
KH Philux is suspected of manipulating its stock price by circulating favorable information such as the development and approval of a COVID-19 treatment through a bio company in which it holds shares.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
!["Please Help Us": How Much Do Those Bowing 90 Degrees These Days Actually Earn? [Data Pick]](https://cwcontent.asiae.co.kr/asiaresize/307/2026052010120870131_1779239528.png)
