Search Conducted on Stock Cafe Operator Over '5 Stocks Hitting Lower Limit'
Prosecutors are conducting a search and seizure of Kang Mo (52), the operator of an online stock information cafe, on the 15th in connection with the 'massive lower limit price incident' involving 5 stocks.
The Seoul Southern District Prosecutors' Office sent investigators to Kang's residence in the afternoon to secure materials related to stock trading and online community operations.
Kang is the operator of the Naver cafe 'A Tuja Yeonguso' identified as the background behind the simultaneous plunge of the stock prices of five companies: Dongil Industrial, Dongil Metal, Manho Steel, Daehan Textile, and Banglim, all hitting their lower limit prices the previous day.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Prosecutors and financial authorities had been monitoring suspicious signs such as market manipulation before the stock prices of these companies plummeted, and recently imposed a travel ban on Kang.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
