Financial Services Commission has not concluded the sanctions on Kakao Mobility
Paul Lee
hoondork1977@alphabiz.co.kr | 2024-04-08 03:03:18
[Alpha Biz= Reporter Paul Lee] The Financial Services Commission discussed whether to impose sanctions on alleged Kakao Mobility accounting violations, but failed to reach a conclusion. This is because the investigator, the Financial Supervisory Service, and Kakao Mobility, which is subject to sanctions, exchanged fierce arguments with each other, making conflicting claims. The financial authorities decided to hold additional meetings to continue discussions.
According to the financial investment industry on the 8th, the Financial Services Commission held a meeting on the previous day (4th) on the issue of Kakao Mobility accounting violations. The Supervisory Commission is a former stage of the Securities and Futures Commission, which makes the final decision, and is an advisory meeting where regulators and companies subject to sanctions discuss issues.
On that day, the supervision committee was held in a grand system. The grand jury system is a system in which investigators and those subject to sanctions attend together and state equally like trials. Usually, the Supervisory Commission calls in the FSS and those subject to sanctions separately to listen to their opinions on the sanctions review agenda. However, this time, Kakao Mobility asked for a grand jury system, citing the right to defend itself, and authorities accepted it.
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