President Lee Jae-myung Holds 100-Day Inauguration Press Conference
Principal to Be Confiscated for Stock Price Manipulation, Even Without Profit
President Lee Jae-myung stated on the 11th, "I have ordered that even the principal funds used in stock price manipulation be fully confiscated."
At the 100-day inauguration press conference held at the Blue House State Guesthouse on this day, President Lee explained, "Currently, only the profits gained from stock price manipulation are confiscated," and added, "I have instructed that the principal should also be confiscated." He further explained, "Although the system already exists, I was told it was not being enforced because it was considered too harsh. I have directed that it be applied." He also clarified that the confiscation of principal would be enforced even in cases where no profit was made.
President Lee emphasized, "If there is stock price manipulation or false disclosures in the stock market, we will impose very strict penalties," and added, "The system is being well established. We will set up a joint investigation team to conduct real-time monitoring, and if violations are detected, we will take swift action."
He also warned, "To those involved in stock price manipulation who are watching this broadcast, be careful from now on. Do not engage in stock price manipulation."
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