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

The investigation duration for unfair trading in the stock market, which previously spanned an average of 12 to 15 months, is anticipated to decrease to approximately 6 to 7 months.

This development is a direct result of President Lee Jae-myung's recent directive to "eliminate unfair trading practices," leading financial authorities to establish the 'Stock Manipulation Eradication Joint Response Team' to address these issues.

During a briefing at the Korea Exchange located in Yeouido, Seoul, on the morning of the 9th, Lee Yoon-soo, a permanent member of the Securities and Futures Commission of the Financial Services Commission, announced, "We intend to implement a joint response team where the Financial Services Commission, Financial Supervisory Service, and the Korea Exchange will collaborate within the exchange itself."

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The newly formed team does not possess sanctioning authority but rather focuses on improving the efficiency of the Korea Exchange in case management. Historically, processes such as detection, investigation, and sanctioning were handled by separate entities, leading to delays. The joint team seeks to streamline these processes by reducing repetition and creating a more agile response system.

A representative from the financial authority elaborated, "By hastening the investigation of unfair trading, we can substantially enhance investor protection and help restore trust in the market." They further noted, "This approach allows for a more robust and swift reaction to significant issues like stock price manipulation."