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KB Kookmin Bank |
[Alpha Biz= Reporter Kim Sangjin] A KB Kookmin Bank employee has been arrested for using non-public information to engage in stock trading, allegedly making illicit profits totaling 6 billion KRW. According to the Financial Supervisory Service on the 11th, the Capital Market Special Police arrested Mr. A from KB Kookmin Bank's Securities Brokerage Division on charges of violating the Capital Market Act. The Seoul Southern District Court issued the arrest warrant on the same day.
The special police confirmed that Mr. A traded in approximately 60 different stocks from 2021 to 2023 using undisclosed information obtained while working in that department. His illicit gains from these activities are estimated to be around 60 billion KRW.
Additionally, the special police plan to apply for arrest warrants for other employees in the same department who allegedly gained illicit profits using similar methods, with total suspected gains amounting to 12.7 billion KRW.
Previously, the Financial Services Commission and the Financial Supervisory Service notified the prosecution under emergency measures (fast track) regarding suspicions of unfair trading by employees in KB Kookmin Bank's Securities Brokerage Department. The special police also conducted a search and seizure operation at KB Kookmin Bank's headquarters to secure relevant documents.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
