Yeongpung Paper & Daeyang Metal to Resume Trading Starting Tomorrow

Financial Services Commission Lifts Trading Suspension on Two Stocks

Securities company app, stock trading scene. Photo by Hyunmin Kim kimhyun81@

Trading of Yeongpung Paper and Daeyang Metal will resume tomorrow (26th).

The Financial Services Commission announced on the 25th that it will lift the suspension of trading for Yeongpung Paper and Daeyang Metal.

Earlier, on the 18th, when Yeongpung Paper and Daeyang Metal hit the lower price limit, the Korea Exchange suspended trading of the two stocks starting from the 19th.

The Financial Services Commission detected allegations of stock price manipulation involving the two stocks during a focused inspection of similar types of unfair trading following the sharp price drops of eight stocks related to the Radukyeon incident in April, and reported this to the Southern District Prosecutors' Office. Based on this, when the lower price limit incident occurred on the 18th, relevant agencies held consultations and took market measures such as suspending trading to protect investors.

Subsequently, the prosecution took actions including travel bans on suspects, search and seizure, arrests, and pre-indictment seizure orders, leading the authorities to decide to resume trading.

The Financial Services Commission stated, "We will continue to firmly respond to forces disrupting market order and do our best to protect investors and stabilize the stock market."

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