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Three indicted in massive stock manipulation case

Prosecutors on Friday indicted the head of an investment consulting firm and his two aides in a large-scale stock manipulation case that has rocked the local financial markets. ....

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Arrest warrant sought for investment firm head over suspected stock manipulation

SEOUL, May 11 (Yonhap) Prosecutors have sought an arrest warrant for the head of an inv. ....

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Kiwoom chief's resignation casts ripple effect on other major shareholders

Deteriorating public sentiment toward Kiwoom Securities is showing no signs of letting up, even after its former Chairman Kim Ik-rae resigned for his alleged involvement in a nationwide stock manipulation scandal. Kim made the abrupt announcement Thursday afternoon and decided to donate all of his gains worth 60.5 billion won following his suspicious sell-off of 1.4 million Daou Data shares. Daou Data is an affiliate of Daou Kiwoom Group. The firm s stock price fell sharply shortly after Kim sold his shares. ....

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