President Lee: "Stock manipulation will lead to ruin... It will definitely be caught in a three-layer net"

[Financial News] President Lee Jae Myung stressed on the 8th that "stock manipulation will definitely be caught in the three-layer net of the Financial Supervisory Service, the police, and the prosecutors' office."
While on an overseas trip that included the NATO summit in Ankara, Türkiye, President Lee posted on X, formerly Twitter, saying, "Fairness in the capital market is a value we cannot give up." He added that stock manipulation would be caught in the three-layer net.
In the post, President Lee shared a news article saying that the Special Judicial Police Officer for Capital Markets at the Financial Supervisory Service had carried out a search and seizure operation on Maeil Business TV over allegations of front-running.
He also attached the hashtag "#StockManipulation_Ruin." The phrase has been one of the issues President Lee has repeatedly emphasized.
President Lee has pointed to market opacity and unfairness as major causes of the Korea Discount. At a meeting for capital market stability and normalization held at Cheong Wa Dae in March, he said, "I keep talking about stock manipulation leading to ruin, and we really need to make that happen," adding, "We are also increasing enforcement personnel centered on the Financial Supervisory Service, so I think this issue can be resolved without much difficulty."
[email protected] Choi Jong-geun Reporter