Vice Chairman Kim Soyoung of the Financial Services Commission attended a seminar held by the Korea Exchange and Korea Capital Market Institute on August 8 and delivered congratulatory remarks on the need to strengthen and diversify sanctions against unfair trading activities in capital market. In his speech, Vice Chairman Kim outlined the government’s past efforts and progress so far and plans to introduce more diverse sanctions mechanisms targeted at unfair trading activities. The measures sought by the government are the following. First, individuals found to have engaged in unfair trading activities will be prohibited from trading in capital market and from serving as an executive officer at a listed company for up to ten years. Second, individuals suspected of having engaged in unfair trading activities will be subject to the suspension of payments from account. In addition, authorities will look into the necessity of expanding information disclosure about wrongdoers.
Vice Chairman speaks about the need to strengthen and diversify sanctions against unfair trading activitiesAug 08, 2024