Market Abuse

Market Abuse

Kakao Founder’s Office Searched Over Stock Manipulation Allegations

By Sanday Chongo Kabange | 11/08/2023

The FSS raided the office of Kakao founder Kim Beom-su and confiscated materials related to allegations of market manipulation.

Market Abuse

Korean Regulators Discover Insider Trades at Securities Firm

By Sanday Chongo Kabange | 10/08/2023

Employees at the securities unit of an unnamed bank used nonpublic information about bonus issues by listed companies to generate billions of won in profits.

Market Abuse

SFC to Gain Powers to Tackle Insider Dealing with Cross-Border Element

By Manesh Samtani | 08/08/2023

The SFC will be better able to address insider dealing perpetrated in Hong Kong involving overseas-listed securities, and insider dealing perpetrated overseas involving HK-listed securities.

Market Abuse

ASIC Warns of More Enforcements in the ‘Coming Months’

By Sanday Chongo Kabange | 03/08/2023

ASIC said it has embedded new data and analytics capabilities into its insider trading surveillance processes.

Market Abuse

South Korea Penalises 18 Firms for Short-Selling Violations

By Sanday Chongo Kabange | 01/08/2023

The biggest fines went to QUANTin Asset Management and PFM Asset Management, which were penalised more than a combined KRW 600 million.

Trading & Investment

FSS Korea Completes Inspections of CFD Businesses

By Editors | 30/07/2023

The FSS said it will take “stern measures” against illegal acts identified from the inspections, which covered three major securities firms.

Anti-Money Laundering

Korea Establishes Interagency Investigative Team for Crypto

By Manesh Samtani | 27/07/2023

Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.

Market Abuse

Korea Prosecuting 33 Individuals Involved in Convertible Bond Abuse

By Sanday Chongo Kabange | 26/07/2023

Out of 40 cases detected, investigations have been completed in 11 cases. Criminal charges were against 33 suspects.

Cryptocurrency

South Korea Unification Minister Faces Scrutiny Over Crypto Trading

By Mark Johnston | 26/07/2023

Opposition party lawmakers claim minister Kwon Young-se may have had a conflict of interest that influenced his trading in virtual assets.