South Korea's Financial Services Chair Visits Anti-Stock Manipulation Team on July 8

According to Yonhapinfomax, on July 8, South Korea's Financial Services Commission Chair Lee Euk-won visited the Joint Response Team for Stock Price Manipulation Eradication to mark its first anniversary and encourage staff working on unfair trading investigations. The team has expanded from 36 to approximately 90 members since its launch last July and detected 10 major market misconduct cases over the past year.

The visit aligns with Seoul's heightened crackdown on stock manipulation. The government removed the previous 3 billion won cap on whistleblower rewards, allowing up to 30% of recovered ill-gotten gains to be paid as compensation. Additionally, authorities introduced enhanced authority for the response team, including new telecommunications data request powers, expanded asset forfeiture scope, and AI-based case analysis systems.