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Photo = Financial Supervisory Service |
[Alpha Biz= Reporter Kim Sangjin] The financial authorities have decided to notify prosecutors regarding allegations that Gu Yeon-kyung, the eldest daughter of the late Koo Bon-moo, former chairman of LG Group, acquired stocks using undisclosed information.
According to financial authorities and industry sources on October 2, the Financial Services Commission (FSC) convened a meeting of the Securities and Futures Commission and made this decision concerning Gu's suspected violation of the Capital Markets Act.
The Financial Supervisory Service (FSS) reported that Gu acquired 30,000 shares of a KOSDAQ-listed bio company, referred to as Company A, while allegedly utilizing investment information that had not yet been publicly announced. This case has been forwarded to the FSC for further action under the Capital Markets Act.
Company A is engaged in developing new drugs for rare heart diseases. The company raised 50 billion won through a third-party allocation of new shares from BlueRun Ventures' global growth investment platform, BRV Capital Management, on April 19 of last year. The investment decision was made by Gu's husband.
The stock price of Company A was around 18,000 won, but it surged to over 50,000 won at one point following the announcement of the successful investment attraction.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
