[Featured Stock] Kiwoom Securities Plummets Due to Uncollected Payments at Youngpoong Paper
Kiwoom Securities is continuing to plummet in the afternoon. It is interpreted that the disclosure stating that about 500 billion KRW of unsettled bonds occurred due to Yeongpung Paper hitting the lower limit influenced this.
As of 1:53 PM on the 23rd, Kiwoom Securities is trading at 77,660 KRW, down sharply by 23.63% (23,700 KRW) compared to the previous trading day.
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On the 20th, Kiwoom Securities disclosed that unsettled payments amounting to 494.3 billion KRW occurred in customer margin accounts due to Yeongpung Paper hitting the lower limit. In relation to this, reports have emerged that financial authorities will conduct risk management inspections across securities firms, including Kiwoom Securities.
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