The Financial Supervisory Service has arrested an employee of KB Kookmin Bank who gained an unfair profit of 6 billion KRW using undisclosed information.


Seoul Yeouido Financial Supervisory Service building. Photo by Younghan Heo younghan@

Seoul Yeouido Financial Supervisory Service building. Photo by Younghan Heo younghan@

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The Capital Market Special Judicial Police (Special Judicial Police) of the Financial Supervisory Service announced on the 11th that they have arrested employee A from the Securities Agency Division of KB Kookmin Bank on charges of violating the Capital Markets Act.


The Seoul Southern District Court issued an arrest warrant on the same day.


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According to the Special Judicial Police, while working in this division, A used undisclosed information related to the implementation of free capital increases by listed companies and traded about 60 stocks from 2021 to 2023, obtaining approximately 6 billion KRW in unfair profits. The Special Judicial Police plan to apply for arrest warrants for other employees in the same division, starting with A, who had the largest transaction volume and unfair profit amount.


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