Stock price manipulation investigation shortened by up to half... 'Joint Response Team' launched

The investigation period for unfair trading cases in the stock market is expected to be shortened from the current average of 12-15 months to around 6-7 months.

This follows President Lee Jae-myung's directive a month ago to "eradicate unfair trading," prompting the financial authorities‘주가조작 근절 합동대응단’to launch the initiative.

At a briefing held at the Korea Exchange in Yeouido, Seoul, on the morning of the 9th, Lee Yoon-soo, a standing member of the Securities and Futures Commission of the Financial Services Commission, stated, "We plan to operate a joint response team where the Financial Services Commission, Financial Supervisory Service, and the Korea Exchange will gather in one space within the exchange."

.

The joint response team is not a separate body with sanctioning authority, but its core aim is to enhance the skiles handled by the Korea Exchange to speed up case processing. Previously, the detection-investigation-sanction stages were dispersed across institutions, causing delays, but the plan is to reduce redundant procedures through joint operations and establish a rapid system

A financial authority official explained, "Accelerating the investigation of unfair trading will significantly contribute to investor protection and the restoration of market trust," adding, "In particular, it will enable a stronger and faster response to major incidents like stock price manipulation."