[2024 National Audit] Lee Bok-hyun "Investigating 'Stock Manipulation Suspicion' Sambootogen"

National Assembly Political Affairs Committee Financial Supervisory Service Audit

Lee Bok-hyun, Governor of the Financial Supervisory Service, is responding to a lawmaker's question during the National Assembly's Political Affairs Committee's audit of the Financial Supervisory Service held on the 17th. Photo by Kim Hyun-min

Lee Bok-hyun, Governor of the Financial Supervisory Service, announced on the 17th that an investigation is underway into Sambu Construction, which has been suspected of stock price manipulation.

At the National Assembly's Political Affairs Committee audit held that day, in response to a question from Kim Hyun-jung, a member of the Democratic Party of Korea, Governor Lee explained, "The Korea Exchange has forwarded the results of its abnormal trading review," adding, "The fact that it was forwarded itself serves as a trigger to start the investigation, so we are conducting an investigation."

Governor Lee added, "Procedurally, it is not possible to immediately proceed to judicial procedures, and it is proper to carry out the Financial Supervisory Service's investigation process."

In July, the Korea Exchange began an abnormal trading review regarding stock price manipulation of Sambu Construction. Sambu Construction's trading volume and stock price surged after being mentioned in a group chat of an organization that included Lee Jong-ho, former CEO of Black Pearl Investment, who was identified as a key figure in the 'alleged lobbying to save Im Seong-geun, former commander of the Marine Corps 1st Division.' Lee Jong-ho has been convicted up to the second trial as an accomplice in the Deutsche Motors stock price manipulation case.

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