(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] The Financial Supervisory Service will begin an on-site inspection of Korea Investment & Securities Co. and Eugene Investment & Securities Co. on the 26th on the entire retail bond sales and sales process. This examination is going on for about 2 weeks.

The trigger for the on-site inspection was to explain to general investors about corporate bonds to be issued before the repair of securities reports through social networking services (SNS) and to deposit a certain amount of money in the name of evidence. If it is true, it has been operating by identifying investment demand in advance and selling it in advance before repairing securities reports. The Financial Supervisory Service sent an official letter late last year on securities firms' lack of information on the sale of bonds to individual investors and possible changes in transaction prices and a lack of investment risk notice.

The inspection is expected to focus on recommending subscriptions before accepting securities reports. If the FSS finds cases that go against the market order in the course of bond sales and sales, the inspection can be extended to all securities firms.

The valuation balance of bonds invested directly by individual investors doubled from KRW 45.8 trillion as of the end of May last year and KRW 23.6 trillion at the end of 2021.

 

 

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