CEO sells stocks knowing bad news in advance; Financial Supervisory Service to intensively monitor unfair trading during financial reporting periods
A company CEO sold all his shares after learning about an impending adverse audit opinion, prompting the Financial Supervisory Service to enhance monitoring of unfair trading during financial reporting periods.
Lee Chan-jin, Chairman of Financial Supervisory Service: "Minutes of Financial Company Board Meetings Must Be Disclosed at Transcription Level"
Lee Chan-jin emphasizes the need for financial companies to transparently disclose detailed minutes of board meetings to ensure accountability and shareholder trust.
Financial Supervisory Service Extends Investigation into Bithumb's 'Ghost Coin' Incident, Additional Overpayments Expected
The Financial Supervisory Service of South Korea has extended an investigation into Bithumb's overpayment of 'ghost coins' until the end of the month due to the possibility of uncovering more cases.
Financial Supervisory Service Reduces Penalty to 1.4 Trillion Won Against Banks for Incomplete Sales of Hong Kong ELS
The Financial Supervisory Service of South Korea has decided to impose a reduced penalty of 1.4 trillion won on five banks for improperly selling Hong Kong-linked equity-linked securities (ELS).
“Bithumb Compensation URL is 100% a Scam”... Financial Supervisory Service Consumer Warning
The Financial Supervisory Service of South Korea has issued a consumer warning about a scam related to compensation for a recent Bitcoin payment issue at the Bithumb exchange.
Financial Supervisory Service Transitions to Official Inspection of Bithumb's 60 Trillion 'Phantom Coin' Incident and Considers Sanctions
The Financial Supervisory Service in South Korea has escalated its inspection of the cryptocurrency exchange Bithumb to an official investigation due to potential violations of laws and regulations linked to a massive misallocation of cryptocurrency.
Lee Chan-jin: "The Financial Supervisory Service should be an independent national agency like the SEC in the US"
Lee Chan-jin, head of South Korea's Financial Supervisory Service, advocates for its transformation into an independent national agency similar to the US SEC to enhance professionalism and efficiency in tackling unfair trading practices.
Eun Chan-jin, head of the Financial Supervisory Service, states that "There must be improvements for the system to be included" regarding the Bithumb 'overpayment incident.'
Eun Chan-jin, head of Korea's Financial Supervisory Service, emphasized the need for substantial regulatory improvements in response to the overpayment scandal at Bithumb, one of the nation's largest cryptocurrency exchanges.
Financial Supervisory Service sends inspection team over Bithumb's 'Bitcoin Overpayment' incident
South Korea's Financial Supervisory Service has dispatched an inspection team to Bithumb following a major incident of erroneous Bitcoin overpayment to users.
Financial Supervisory Service uncovers additional fraudulent transactions in Homeplus acquisition by MBK Partners and reports to prosecutors
The Financial Supervisory Service reported additional fraudulent activities during the acquisition of Homeplus by MBK Partners and referred the case to prosecutors, including key figures such as MBK's chairman.
Hundreds of billions of unfair loans to family and acquaintances... Can it be prevented by the 'guidelines for preventing conflicts of interest in banks'?
A bank employee has illicitly acquired 7.85 billion won in loans through fraudulent documents and collusion with colleagues and family members, prompting the Financial Supervisory Service to implement guidelines to prevent conflicts of interest in banking.