Prosecutors Summon LG's Eldest Son-in-Law for Two Consecutive Days Over 'Insider Trading Suspicion'

The prosecution summoned Yoon Kwan, CEO of Bluerun Ventures and the eldest son-in-law of the late Koo Bon-moo, former chairman of LG Group, who is suspected of purchasing stocks using undisclosed information, for investigation.

Yonhap News

On the 31st, the Financial and Securities Crime Joint Investigation Team of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Gong Jun-hyeok) announced that they summoned CEO Yoon for questioning for two consecutive days.

CEO Yoon is suspected of providing his wife, Koo Yeon-kyung, CEO of the LG Welfare Foundation, with undisclosed important information related to a paid-in capital increase of a KOSDAQ-listed company, enabling her to gain unfair profits. It is reported that CEO Yoon denies the allegations.

CEO Koo has been under investigation for using undisclosed investment attraction information when acquiring 30,000 shares of a KOSDAQ bio company last year. The prosecution recently summoned CEO Koo for questioning and conducted a search and seizure at their residence in Hannam-dong, Yongsan-gu, Seoul, and at the LG Welfare Foundation in Pyeongtaek, Gyeonggi Province.

Earlier, the Financial Services Commission notified the prosecution in October of suspicions of violations of the Capital Markets Act by CEO Koo and her husband, and civic groups also filed complaints against them with the prosecution.

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