President Lee Jae Myung on Wednesday shared a news report about a media outlet being searched by the Financial Supervisory Service's capital markets special judicial police over front-running charges, writing that "stock manipulation will not escape the triple net of the FSS, police and prosecutors."
Lee posted the message on X, formerly Twitter, adding that "fairness in capital markets is a value we cannot abandon."
The FSS said it had launched a forced investigation and carried out a search and seizure at Maeil Business TV in connection with suspected front-running by securities broadcast hosts and guests.
The operation marks the first initiated investigation since the FSS special judicial police were granted independent investigative authority. Investigators were dispatched to the Maeil Business TV headquarters at the Maeil Media Center in Jung-gu, Seoul, where they conducted digital forensics and other search procedures. The FSS said it plans to consider summoning those involved for questioning once analysis of the seized materials is complete.
moone@heraldcorp.com