President Lee Jae-myung stated on July 8 that "stock manipulation will inevitably be caught in the triple net of the Financial Supervisory Service, police, and prosecutors."
While visiting Turkey for the NATO summit, President Lee posted on X (formerly Twitter) that "the fairness of capital markets is a value we cannot give up."
In his post, he shared an article stating that the Financial Supervisory Service's special judicial police had detected front-running allegations involving employees of Maeil Business TV and had initiated a search and seizure operation.
He also included the hashtag #StockManipulation_Bankruptcy.
On the same day, the Financial Supervisory Service's special judicial police conducted a search of Maeil Business TV in connection with allegations of front-running by securities broadcasting personnel.
Reports indicate that the special judicial police have identified three individuals—producers, hosts, and guests of Maeil Business TV's securities programs—who allegedly engaged in front-running by purchasing specific stocks before recommending them on air earlier this year.
The special judicial police believe these individuals gained illicit profits amounting to hundreds of millions of won and plan to analyze the seized materials and consider summoning them for questioning after the search.
* This article has been translated by AI.
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