LG

[Alpha Biz= Reporter Kim Jisun] According to industry sources on the 17th, the Financial Supervisory Service (FSS) has initiated an investigation into allegations that Gu Yeon-kyung, the head of the LG Welfare Foundation, purchased shares of a KOSDAQ-listed company using undisclosed information.

The FSS summoned B, who serves as an outside director (registered executive) at the KOSDAQ-listed biotech company A, for questioning. The investigation reportedly focuses on Gu Yeon-kyung's acquisition of shares in company A.

In late March last year, the stock price of company A, which was around 16,000 won per share, surged by more than 16% on the day news of an investment by BRV Capital Management was announced. At one point last year, the stock price rose to 50,000 won. Gu's husband, Yoon Kwan, serves as the Chief Investment Officer (CIO) at BRV Capital Management. B, who was questioned, is the vice president of BRV Korea Advisors, a domestic subsidiary of BRV Capital Management.

Gu personally acquired 30,000 shares of company A. The investigation aims to determine whether Gu used undisclosed information to acquire the shares at that time.

 

 

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