[Asia Economy Reporter Jang Hyowon] Korea Corporation, a KOSDAQ-listed company, announced on the 20th that there has been no additional progress regarding the inquiry disclosure requested by the Korea Exchange on the 20th of last month concerning rumors or reports, and the matter remains unresolved.
On the same day, Korea Corporation stated, "The schedule for the progress of allegations of embezzlement and breach of trust by former and current executives has not been confirmed," adding, "We will make additional disclosures as soon as the exact schedule is confirmed."
Meanwhile, it is known that posts containing malicious rumors have been indiscriminately and repeatedly posted in stock discussion rooms related to another corporation, Korea Technology, and that Korea Technology is currently undertaking strong legal actions.
A company official said, "The accusations related to Korea Corporation are malicious," and added, "We hope there will be no disturbance related to the malicious rumors."
He continued, "Posts containing indiscriminate false information and defamation are being repeatedly posted not only about our company but also about Korea Technology, which is no longer related," and said, "This not only causes confusion in the stock market but also disrupts business operations. We understand that Korea Technology will submit a complaint against those spreading malicious rumors within this week and hold them legally accountable."
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