The Financial Supervisory Service's Capital Market Special Investigation Unit has conducted raids on current and former journalists over allegations of insider trading related to featured stock articles.
On September 9, the Financial Supervisory Service and industry sources reported that the special investigation unit searched the homes and workplaces of journalists suspected of insider trading.
The investigation is focused on claims that representatives from entertainment agencies involved four journalists to ensure that articles about specific stocks were published, allowing them to profit from stock trading. Authorities are examining whether insider trading occurred during the article writing and publication process.
This case is reportedly the last of four insider trading incidents involving journalists that the special investigation unit has been investigating since last year, which have not yet been referred to prosecutors.
The raids on journalists associated with the Financial Supervisory Service took place at their homes, workplaces, and the press room of the Financial Supervisory Service. Following procedural requirements that the subjects of the search must be present, investigators from the special investigation unit went directly to the locations where the journalists were staying to conduct the searches.
However, on the day of the raid, the targeted journalist was not present in the press room, leading to the placement of a seal for the search. The special investigation unit is expected to gather information on the article writing and reporting processes, as well as the stock trading records of the suspects, to establish a connection between the articles and insider trading.
* This article has been translated by AI.
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