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LG Electronics building. (Photo=Yonhap News) |
Suspicions have been raised that Koo Yeon-kyung, head of the LG Welfare Foundation, the daughter of the late Koo Bon-moo, the former chairman of LG Group, acquired the shares using undisclosed information.
According to business and KBS reports on the 20th, CEO Koo recently expressed his intention to hand over about 30,000 shares of bio company A to the LG Welfare Foundation.
Company A is a company that develops new drugs to treat rare heart diseases and said on April 19 last year, "We raised 50 billion won through a third-party paid-in capital increase from BRV Capital Management, a global growth investment platform of Blue Run Ventures, a Silicon Valley-based institutional investment company."
Company A's stock price, which stood at 18,000 won per share, jumped more than 16% on the day of the announcement of its successful bid to attract 50 billion won. Company A's stock price rose to 53,300 won in September last year and is currently around 30,000 to 40,000 won.
According to a press release released by Company A at the time, the person who decided to invest was Yoon Kwan, chief investment officer (CIO) of BRV Capital. Yoon CIO is the husband of the former representative.
The timing of Koo's purchase of shares in Company A has not been confirmed.
However, if the timing of the purchase is before the announcement of the investment, it may be suspected that the stock was purchased using undisclosed information. Article 174 of the Capital Markets Act prohibits the use of undisclosed important information related to the work of listed corporations for the sale and trading of specific securities.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
