The Korea Exchange is investigating whether an employee of Osstem Implant, who was arrested on charges of stealing 198 billion won of company money, is dealing with a large amount of Dongjin Semichem stock.
An exchange official said, “We have been monitoring the account in question.” “Usually, such as Dongjin Semichem, large-scale trading in single or small accounts or stocks that become a big issue are extracted and looked into by the monitoring system.”
He explained that he was looking into whether there were any unfair or illegal transactions, such as the use of undisclosed information or market price manipulation, “as I bought nearly 7% of a company’s stock, worth 140 billion won,” he said.
Osstem Implant’s money management employee, who was accused of embezzlement by the company, was identified as a ‘super ant’ born in 1977 in Paju, Gyeonggi Province, who bought a large amount of Dongjin Semichem stock in October last year.
In October of last year, Mr. Lee purchased 3,97,431 shares (7.62%) of Dongjin Semichem worth 143 billion won at 36,492 won per share.
From November to December, it was reported that 3,367,431 shares (6.55%) were sold at a price of 111.2 billion won from 31,000 won to 34,000 won per share, resulting in an investment loss.
It has been confirmed that the remaining 550,000 shares have already been disposed of.
In the exchange market monitoring procedure, the market monitoring department first checks the probability of unfair trade through detection of abnormal stock price and trading volume fluctuations and confirmation of disclosure, and then transfers the matter to the hearing department.
The hearing department requests account personal information from securities companies, etc., analyzes deposits and withdrawals, etc., and if any suspicion is found, it notifies the Financial Services Commission.
If the Dongjin Semichem case goes through the market monitoring stage and goes to the hearing department, it will be decided whether or not to notify the financial authorities within 30 business days.
However, for complex hearings, the period may be extended to determine whether to notify the financial authorities within one to two months.
Previously, along with the Osstem Implant embezzlement incident on the 3rd, Dongjin Semichem’s stock price fell 15.98% over the past five days as it became known that the embezzling employee was a ‘super ant’ who bought and sold a large amount of Dongjin Semichem’s stock in the past.
[사진 출처 : 연합뉴스]
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