[Alpha Biz=(Chicago) Reporter Kim Jisun] A Kiwoom Securities official said he will file a complaint with the Seoul Metropolitan Police Agency tomorrow (2nd) against CEO Ra Duk-yeon on charges of defamation by making false information timely.
It is not true that CEO Ra points to Kim as the main culprit even though there is no causal relationship between the block deal (after-hours mass trading) of Dow Data shares held by Dow Kiwoom Group Chairman Kim Ik-rae and the plunge in stock prices from SG.
Kiwoom Securities says the counter-sale has begun in the Kiwoom Securities account after the stock price has already plunged due to the counter-sale, contrary to CEO Ra's claim that the stock price fell due to the counter-sale of Kiwoom Securities.
"On the other hand, the lower limit situation began with a massive counter-sale at Kiwoom Securities, which is linked to SG Securities," Ra said. "There was a block deal before the counter-sale from Kiwoom Securities came out, and the chairman of Dow Data sold about 60 billion won."
CEO Ra is also preparing a legal action against Chairman Kim Ik-rae, including a claim for damages.
"We need to see if 60 billion won actually went or went to Chairman Kim Ik-rae," CEO Ra said in a telephone interview with KBS. "You can investigate the source of the funds in the short-selling account and check whether you did it without a margin or in cash."
Chairman Kim Ik-rae earlier secured some 60 billion won by selling 1.4 million Dow Data shares at 43,245 won per share on April 20 before the stock price crash.
In response, Hwang Hyun-soon, CEO of Kiwoom Securities Co., said at a meeting of presidents of securities firms presided over by the Financial Supervisory Service on the 28th of last month.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
