Lee Bok-hyun "Declaring War on Market Disruptors... I Will Stake My Position"

"Stock Manipulation, Apologies to the Public for Failure to Detect in Advance"

Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), announced on the 23rd that he will take strong action against unfair trading practices, staking his position in connection with the stock price manipulation scandal originating from Soci?t? G?n?rale (SG) Securities. He also apologized, saying, "We are sorry to the public," regarding the failure to detect the stock price manipulation crime in advance.

Lee Bok-hyun, Governor of the Financial Supervisory Service, is speaking at the joint discussion forum of related organizations to eradicate unfair trading held at the Korea Exchange in Yeouido, Seoul on the 23rd. Photo by Hyunmin Kim kimhyun81@

Attending the 'Joint Discussion Meeting of Related Agencies to Eradicate Unfair Trading' held at the Korea Exchange, Governor Lee told reporters, "Market recovery is important to resolve the Korea discount," adding, "In fact, this incident marks a declaration of war against market-disturbing forces."

On this day, Governor Lee expressed his determination to severely punish unfair acts, staking his position. He explained, "When I was appointed, the appointing authority emphasized strict punishment for unfair trading, but such an incident occurred," and added, "I will proceed with a sense of responsibility as if staking my position."

Regarding this, he emphasized, "We have formed a joint investigation team based on personal networks with the Southern District Prosecutors' Office and are conducting cooperative investigations," and "Through the cooperation system, investigations of key figures are being carried out in a short period of time."

Furthermore, Governor Lee said he will also look into unfair trading occurring in the coin market. He explained, "Recently, the National Assembly has been pushing for institutional improvements related to virtual assets, and before the institutional framework is completed, we are internally reviewing what can be done for victims related to virtual assets."

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