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[Alpha Biz=(Chicago) Reporter Paul Lee] It has been confirmed that the Korea Exchange is investigating whether the KOSPI company "Kum Yang’," which is mentioned as a secondary battery-related stock, violated fair disclosure.

They say they will look into whether corporate investment information, which has spread rapidly around YouTube, is in violation of public disclosure regulations. Analysts say that there has been a growing warning about the abnormal surge in stock prices of secondary battery-related stocks such as Ecopro and POSCO Holdings.

According to the financial investment industry on the 23rd, the exchange is investigating whether Kum Yang public relations director Park Soon-hyuk's announcement of his management plan on YouTube violated the disclosure rules.

Kum Yang is a chemical company focusing on the production and sale of foam agents. Foaming agents are chemicals that are added to synthetic resins or rubber.

Although Kum Yang has no sales related to secondary batteries, stock prices have risen 178.89% this year as secondary batteries have been promoted as new businesses. The market capitalization of Kum Yang is 3.7965 trillion won as of the 23rd, higher than that of GS, Hotel Shilla and Hanjin Kal.

Director Park appeared on a YouTube broadcast earlier this month and revealed Geumyang's plan to sell 170 billion won worth of treasury shares, referring to sales in the market, block deals (after-hours trading), and issuance of exchange bonds (EB).

 

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