Financial authorities have launched a raid on Hanmi Accounting Firm in connection with allegations of stock trading using insider information.
On August 26, the joint task force composed of the Financial Services Commission, the Financial Supervisory Service, and the Korea Exchange began the raid on Hanmi Accounting Firm. The task force is reported to have secured work materials and internal documents.
Accountants affiliated with Hanmi Accounting Firm are suspected of trading stocks using undisclosed important information about listed companies that they learned during their work, allegedly reaping illicit profits amounting to tens of millions of won per person.
Notably, the insider information used in the stock trading reportedly included details about upcoming public offerings and significant information pending disclosure.
The task force is expected to investigate the sources and channels of the insider information, the actual stock trading processes, and the scale of the illicit profits based on the materials secured during the raid.
Hanmi Accounting Firm is a mid-sized accounting firm ranked among the top 20 in South Korea by revenue, providing corporate advisory services such as mergers and acquisitions, business valuation, and financial due diligence.
* This article has been translated by AI.
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