Financial Supervisory Service Chief: "Strict Punishment for Unfair Trading... Concerns Over Losses from Excessive Leverage Investments"

Lee Bok-hyun, Governor of the Financial Supervisory Service, announced that a swift investigation will be launched into stocks suspected of unfair trading, and strict measures will be taken.

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According to the Financial Supervisory Service on the 25th, Governor Lee mentioned at the executive meeting that in the current situation of high volatility in the stock and bond markets, there are growing concerns about increased loss risks due to excessive leverage investments, urging cautious investment.

He emphasized, "Not only active market surveillance by financial authorities but also financial companies must carefully ensure that unfair solicitations riding on market sentiment do not occur."

Governor Lee pointed out that the stock market is abnormally overheated, especially in the KOSDAQ, with a surge in credit trading driven by the investment frenzy in future growth new business theme stocks such as secondary batteries. He also instructed that the investigation division promptly initiate investigations into stocks with a likelihood of unfair trading allegations and strictly punish offenders to ensure thorough protection of investors.

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