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

Unfair trading investigations in the stock market to shorten from 12-15 months to 6-7 months.

This change comes after President Lee Jae-myung ordered the eradication of unfair trading, leading to a new initiative by financial authorities.

At a briefing in Seoul's Korea Exchange on the 9th, Lee Yoon-soo from the Financial Services Commission announced a joint team of the Financial Services Commission, Financial Supervisory Service, and Korea Exchange.

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The joint team, lacking sanction power, aims to enhance Korea Exchange's skills for faster case processing. Previous delays were due to separated investigation stages, but joint operations aim to streamline procedures.

A financial official stated, "Faster investigations will protect investors and rebuild market trust," emphasizing a quicker response to major events like stock manipulation.