Lee Bok-hyun "Identified Before Limit-Down Incident... Will Deliver Results Quickly"

Lee Bok-hyun, Governor of the Financial Supervisory Service, stated that they will quickly present the results of investigations and inquiries regarding the incident in the stock market where five stocks simultaneously plummeted to their lower price limits.

Financial Supervisory Service Governor Lee Bok-hyun and Financial Services Commission Chairman Kim Ju-hyun are whispering to each other at the plenary session of the National Assembly's Political Affairs Committee held on the 15th.
[Photo by Yonhap News]

On the 15th, at the National Assembly's Finance and Economy Committee plenary session, Governor Lee explained, "The stocks and issues that crashed the previous day have been monitored by the Financial Supervisory Service for a long time, and we had already grasped some facts regarding unusual trends or causes related to price rises and falls, as well as the parties involved."

He added, "In the SG Securities crash incident, many victims occurred due to prolonged lower price limits, but since we had a certain understanding of yesterday's situation, we were able to promptly suspend trading."

Governor Lee also said, "Regarding this case, investigations and inquiries are being conducted not only by the Financial Services Commission and the Financial Supervisory Service but also by the prosecution and the Korea Exchange, so we will be able to show the public the results much faster than expected."

In response to Rep. Yoo's point that the stocks involved in the lower price limit incident commonly have high major shareholder equity ratios, relatively low circulating shares, and have risen significantly over the past three years, showing a trend similar to the SG incident, Governor Lee said, "The commonalities are correct," and added, "We are also verifying facts related to rumors or speculations from (stock-related community operators)."

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