Mrs. Kim Geon-hee's 'Capital Markets Act Violation' Case Assigned to Seoul Metropolitan Police Financial Investigation Unit
Democratic Party Files Complaint Against Mrs. Kim Geon-hee for Alleged Violation of Capital Markets Act
The police have launched an investigation into the case in which Kim Geon-hee, wife of President Yoon Seok-yeol, was reported for violating the Capital Markets Act.
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On the 18th, the Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency announced that it has been assigned the case involving Kim and is currently investigating.
The Democratic Party's Committee for Countermeasures Against Prosecutorial Dictatorship and Political Oppression filed a complaint with the police on the 11th, accusing Kim of violating the Capital Markets Act in connection with the Deutsche Motors stock manipulation case.
The committee stated, "The prosecution considered that the price manipulation by former Deutsche Motors Chairman Kwon Oh-soo ended on December 7, 2012, but there is evidence that the stock price rose again in early 2013, indicating that the crime had not ended." They added, "However, no investigation has been conducted on this matter, leading to this additional complaint."
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Furthermore, the committee claimed that former Chairman Kwon is suspected of manipulating the market by mobilizing funds from acquaintances, including Kim, during the 2013 transaction of Deutsche Motors' new stock subscription rights. They argued that there are signs of Kim's involvement and that she profited through preferential securities transactions with former Chairman Kwon.
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