[단독] Eldest daughter of LG household suspected of ‘unlawful inventory buying and selling’… Monetary Investigation Service begins investigation – Mael Enterprise Newspaper

The Monetary Supervisory Service has launched an investigation into allegations that LG Welfare Basis CEO Koo Yeon-kyung purchased shares of KOSDAQ-listed firms utilizing undisclosed info. CEO Koo is the eldest daughter of the late Koo Bon-moo, former chairman of LG Group.

Based on the monetary funding trade on the sixteenth, the Monetary Investigation Service just lately referred to as and questioned Mr. B, who’s a non-executive director (registered motion) of firm A, a bio firm listed on KOSDAQ. Based on the trade, it’s recognized that the investigation of the decision of the Monetary Supervisory Service is said to the acquisition of Firm A inventory by CEO Koo.

Beforehand, in April final yr, Firm A raised 50 billion received from BRV (Blue Run Ventures) Capital Administration by a paid-up capital improve given to a 3rd celebration. BRV Capital Administration is a world development funding platform of Blue Run Ventures, an institutional funding agency primarily based in Silicon Valley. CEO Koo’s husband, Kwan Yoon, is the Chief Funding Officer (CIO) of BRV Capital Administration.

Mr. B, who was investigated this time, is the vice chairman of BRV Korea Advisors, a enterprise funding firm After BRV Capital Administration invested in Firm A final yr, it joined Firm A by the overall shareholders’ assembly in March this yr. . BRV Korea Advisors is a home subsidiary of BRV Capital Administration.

Based on the trade, CEO Koo personally acquired 30,000 shares of Firm A. The precise time of buy has not been confirmed. Relying on when CEO Koo purchased the inventory of Firm A, it may be suspected that he might have obtained the shares utilizing undisclosed info.

If CEO Koo purchased inventory earlier than the funding announcement, this might elevate suspicions that he used undisclosed details about the funding that was not recognized to frequent shareholders on the time of the acquisition.

Firm A’s inventory value, which was round 16,000 received per share on the finish of March final yr, rose greater than 16% on the day BRV Capital Cash’s funding was introduced, and at one level final yr, it as much as 50,000 received.

Article 174 of the Capital Markets Act prohibits using materials undisclosed info referring to the enterprise of a registered company for the sale or commerce of sure securities. Violation of it will end in imprisonment for a interval of not lower than one yr or a high quality equal to 3 to 5 instances the revenue or loss averted by the act.

It’s recognized that the Monetary Investigation Service additionally took this into consideration and initially referred to as and questioned Mr. B, who was the liaison between Firm A and BRV Capital Administration.

Nevertheless, an official from the Monetary Supervisory Service stated, “We can not affirm whether or not a specific individual is being investigated.”

Amid this controversy, CEO Koo just lately tried to donate 30,000 shares of Firm A inventory he owned to the LG Welfare Basis. Plainly he was making an attempt to keep away from the controversy that he received inventory utilizing undisclosed info by inventory grants.

Nevertheless, on the fundamental board assembly held on Might 10, it was not doable to determine whether or not to just accept the shares given by CEO Koo as fundamental property. That is uncommon as issues referring to grants are often granted with out issue.

It was reported that some administrators on the board assembly on the time confirmed issue in dealing with the agenda attributable to suspicions about CEO Koo’s inventory buy utilizing undisclosed info. Ultimately, the board assembly that day ended with out having the ability to deal with the agenda. Based on the minutes of the Board of Administrators assembly held at this time, it was determined, “In response to the board members’ request for extra info on the agenda, it was determined This program shall be edited later. “

The trade believes that there’s a excessive risk that the Monetary Supervisory Service will develop the scope of the investigation sooner or later after Mr B.

Based on the small print of the investigation, it’s doable that the monetary authorities’ investigation will focus not solely on CIO Yoon but additionally on CEO Koo.

In response to those suspicions, the IR supervisor of Firm A stated, “I’ve nothing to say on behalf of the corporate, and I’ve not heard something about whether or not Mr. B was investigated.” Mr B didn’t reply to Mael Enterprise Newspaper’s questions through social media.

In the meantime, final February, CEO Koo, alongside along with his mom Kim Younger-sik and youthful brother Yeon-soo, filed a lawsuit in opposition to LG Group Chairman Koo Kwang-mo in Courtroom West Seoul District to redistribute the inherited property. .