In South Korea, Donga Ilbo CEO Kim Jae-ho and several senior staff members of the company are reportedly under investigation for illegal stock trading. Together, the illegal profits total about 5 billion won ($3.9 million), the Korea Times reports.
The Korea Times reports that
The Financial Supervisory Service (FSS) told the Seoul Central Prosecutors’ Office last month that Kim and others obtained undisclosed information on a listed solar energy company through one of his relatives, who worked as an auditor at the firm at that time. Kim bought stocks on several occasions from January as the price doubled in less than six months.
Donga Ilbo, said to be one of the nation’s “most influential conservative newspapers,” denied the allegations.