NH Investment & Securities Bans All Executives from Trading Domestic Listed Stocks

On November 4, NH Investment & Securities decided to impose a complete ban on domestic listed stock trading by all executives.

NH Investment & Securities held a full executive meeting on the morning of the 4th, pledging to internalize ethical management by enhancing employees' ethical awareness and strengthening compliance management. NH Investment & Securities

The Internal Control Enhancement Task Force (TFT) at NH Investment & Securities announced that this decision was made to strengthen internal controls and ethical management. The task force explained that, in light of recent allegations of executives using undisclosed information for personal gain, the company plans to reinforce its ethical management system by encouraging executives to engage in self-reflection. The ban applies to the purchase of domestic listed stocks; however, executives are still allowed to purchase overseas stocks and exchange-traded funds (ETFs), and they may sell existing domestic stocks. This measure is intended to strengthen the responsibility and transparency of management and key decision-makers, proactively block risks, and prevent legal and reputational risks for the company. The trading restriction will take effect starting November 6.

Yoon Byungwoon, CEO of NH Investment & Securities, stated, "Executives will take the lead by setting an example, and we will turn this crisis into an opportunity for improvement through the internalization of ethical management. We will use this as a fundamental turning point toward ethical management, and all members of NH Investment & Securities will move forward with renewed determination."

At the full executive meeting held that morning, more than 50 members of management and executives attended, sharing the seriousness of the recent incident and reflecting on their responsibilities. They pledged to internalize ethical management by enhancing employees' ethical awareness and strengthening compliance management, recognized the importance of proper ethical standards and responsible conduct, and resolved to take the lead in creating a transparent capital market.

Meanwhile, on October 30, NH Investment & Securities removed the executive under investigation by the joint response team from their duties and established the Internal Control Enhancement TFT. CEO Yoon was appointed as the head of the task force, and a new dedicated TFT composed of executives in compliance and audit was organized to build and strengthen the internal control enhancement system.

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