Prosecutors to summon Koo Yeon-kyung and Yoon-kwan for 'Suspected Stock Unfair Transaction'

Prosecutors called in Koo Yeon-kyung, head of the LG Welfare Foundation, and Yoon Kwan, head of Blue Run Ventures, the eldest daughter of the late LG Chairman Koo Bon-moo, who is suspected of purchasing stocks using undisclosed information.

Following yesterday, the Seoul Southern District Prosecutors' Office's Joint Investigation Department on Financial and Securities Crimes summoned CEO Yoon for investigation today (31st) on charges of trading undisclosed information stocks.CEO

Yoon is accused of making an unfair profit of around 100 million won by providing his wife, Koo Yeon-kyung, CEO of the LG Welfare Foundation, with undisclosed material information regarding the capital increase of KOSDAQ listed companies.CEO Yoon

is said to have denied the allegations, saying he had never provided information to his wife in the prosecution investigation.

The prosecution was found to have recently called in representative Koo Yeon-kyung to investigate.

Earlier in October, the Financial Services Commission notified the prosecution of the allegation of violating the Capital Market Act by the representative couple, and civic groups also filed a complaint.