Prosecutors Indict LG Family Eldest Daughter and Husband Without Detention on Suspicion of Using Non-Public Information
Gu Yeon-kyung, the eldest daughter of the late Gu Bon-mu, former chairman of LG Group, and her husband Yoon Kwan, CEO of Blue Run Ventures (BRV), have been indicted without detention on suspicion of acquiring stocks using undisclosed information.
The Financial and Securities Crime Joint Investigation Unit of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Gong Jun-hyeok) announced on the 23rd that Gu and Yoon were each indicted without detention on charges of violating the Capital Markets Act.
According to the prosecution, Gu is suspected of receiving undisclosed material information from Yoon about a listed company participating in a paid-in capital increase, and using this information to purchase the company's stocks, thereby obtaining illegal profits.
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The Seoul Southern District Prosecutors' Office stated, "We will continue to strictly punish securities crimes to establish the principle that financial and securities offenders who disrupt market order must pay the price."
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