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Light punishments feared to fan illicit activities in Korean financial markets

More than one out of four criminals convicted of stock price manipulation and other unfair trading practices are repeat offenders, while nearly half of them get off lightly with suspended jail terms, data showed on Tuesday. According to Financial Services Commission (FSC) data submitted to Rep. Kang Byung-won of the main opposition Democratic Party of Korea (DPK), 23 percent of the 643 people who were convicted of criminal offenses in the capital market between 2019 and 2022 have records of committing such unlawful acts more than once. ....

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