In the prosecution's non-prosecution decision for "stock price manipulation," "There is no evidence of Kim Gun-hee's charges."

2024.10.23. PM 7:14
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The prosecution, which issued a non-prosecution against Kim Gun-hee's alleged manipulation of Deutsche Motors' stock price, was found to have indicated in the non-prosecution decision that there was no evidence to admit Kim's allegation.

According to the 20-page non-prosecution decision obtained by YTN, the Seoul Central District Prosecutors' Office said it cannot be concluded that Kim conspired to manipulate the market price with Kwon Oh-soo, former chairman of Deutsche Motors, or that she intended to manipulate the stock price, and there is no data to admit.

The prosecution, however, explained that it is presumed that there was a communication between former chairman Kwon and Kim about the transaction of Kim's Daishin Securities account, which was suspected of "seven-second trading."

However, at that time, Deutsche Motors' stock price was on the rise due to favorable factors, so it was an appropriate time to sell stocks, and the selling price was similar to the closing price of the previous day or the market price of the day. He added that it is difficult to conclude that Mrs. Kim had the purpose or intention of manipulating the market price.

In addition, the prosecution judged that there was no clear basis for acknowledging the charges, citing that Kim appears to have continued to invest in Deutsche Motors, believing in former chairman Kwon, and that officials such as Mr. Lee, the chief executive, have stated that Kim lacks knowledge and experience in stocks.


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