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Kwan Yoon, CEO of BlueRun Ventures. (Photo = Yonhap News) |
[Alpha Biz= Kim Jisun] Koo Yeon-kyung, head of the LG Welfare Foundation and eldest daughter of the late Koo Bon-moo, former chairman of LG Group, and her husband Yoon Kwan, CEO of BlueRun Ventures (BRV), have been indicted over allegations of using undisclosed information to acquire stocks.
On the 23rd, the Financial and Securities Crime Joint Investigation Division of the Seoul Southern District Prosecutors' Office (led by Chief Prosecutor Gong Jun-hyuk) announced that Koo and Yoon were each indicted without detention on charges of violating the Capital Markets Act.
According to the prosecution, the couple is accused of leveraging undisclosed critical information related to a capital increase of a KOSDAQ-listed company to secure improper gains.
The investigation began in October last year after financial authorities reported suspicious stock trading involving the couple. The prosecution conducted searches at six locations, including Koo’s residence and the LG Welfare Foundation office, and summoned Yoon for questioning later that year.
Authorities allege that Koo used undisclosed investment information when she acquired 30,000 shares of Company A in April 2023.
Company A, which is involved in developing drugs for rare heart conditions, announced at the time that it had raised KRW 50 billion through a third-party allocated capital increase from BRV Capital Management. Yoon, who serves as the Chief Investment Officer (CIO) at BRV, was reportedly the decision-maker behind the investment.
The stock price of Company A, which was around KRW 18,000 per share, surged after the announcement, peaking at over KRW 50,000.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
