[Alpha Biz=(Chicago) Reporter Paul Lee] Choi Hee-moon, CEO of Meritz Securities, explained that he had no idea whether to suspend the transaction in connection with the sale of the stock just before the suspension of Ewha Electro-Mechanics.

Choi Hee-moon, vice chairman of Meritz Securities Co., answered the question during a parliamentary audit of the Financial Supervisory Service by the National Policy Committee on the 17th.

"There is circumstantial evidence that I did not know at all," Choi said. "I applied to switch to Ewha Electric Co. three weeks before the suspension of the transaction. I will lose my security right as soon as I apply for the change. If I had been informed of the suspension of the transaction, I would not have applied for the transfer." He also mentioned the fact that he acquired additional securities related to Ewha Electro-Mechanics six days before the transaction was suspended.

 

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