Financial authorities investigating allegations of insider trading involving accountants from Hanmi Accounting Corporation have confirmed a raid on Korean Investment Securities.
On August 26, the Financial Services Commission, the Financial Supervisory Service, and the Korea Exchange jointly launched a search at both Korean Investment Securities and Hanmi Accounting Corporation. The search was aimed at securing relevant documents and preventing the destruction of evidence.
Accountants from Hanmi Accounting Corporation are suspected of using undisclosed information related to listed companies to gain illicit profits amounting to millions of won per person. They allegedly utilized information regarding public offerings and key disclosures before they were made public for stock investments.
Korean Investment Securities stated that the raid is not directly linked to any allegations of unfair trading against the company. A representative from Korean Investment Securities said, "This is simply a fact-checking measure in the capacity of a witness."
* This article has been translated by AI.
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