CEO Lee showed a Sambutogun stock chart at a stock market revitalization meeting held on the Korea Exchange, saying that it has risen 5.5 times from 1,050 won to 5,500 won in a very short period of time, which is typical of stock price manipulation.
He then said, "If we thoroughly investigate, we will find out who actually invested the money," and predicted that there would be tangible results as he is pushing for a permanent special prosecution.
CEO Lee also predicted that the government and the ruling party would not enforce such regulations, saying that the revision of the commercial law that expands the duty of corporate directors to be faithful can be made if possible only by tweezers adjustment and specific regulations.
The Democratic Party of Korea said it will hold a policy debate involving companies and small investors on the 4th of next month over the controversy over the revision of the commercial law.
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