An employee of KB Kookmin Bank was indicted while in custody for acquiring stocks using insider information about a listed company's upcoming bonus issue, obtaining an unfair profit worth a total of 5 billion KRW. The crime is understood to have taken place over a period of two years.
On the 25th, the Financial and Securities Crime Joint Investigation Division of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Gong Junhyuk) announced that employee A (48), belonging to the Securities Agency Business Department of KB Kookmin Bank, was arrested and indicted the previous day on charges of violating the Capital Markets Act for purchasing stocks in advance using undisclosed important information about a listed company's upcoming bonus issue obtained during work, thereby acquiring unfair profits totaling approximately 5 billion KRW.
According to the prosecution, from January 2021 to February of last year, A purchased stocks of 61 listed companies using information about upcoming bonus issues, acquiring unfair profits worth about 5 billion KRW in total. He is also accused of providing this information to two acquaintances during the same period, enabling them to obtain unfair profits totaling approximately 600 million KRW. The Financial Supervisory Service is currently investigating these two acquaintances as well.
Earlier, the Capital Markets Special Judicial Police of the Financial Supervisory Service sent A to the prosecution in custody on the 18th.
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