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Article: SHARE PRICE MANIPULATION SURGES SHARPLY IN S KOREA.
- Article from:
- AsiaPulse News
- Article date:
- September 4, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, Sept 4 Asia Pulse - Instances of share price manipulation rose sharply in recent years, according to data compiled by the Financial Supervisory Service.
The instances of share price manipulation last year numbered 152, up 149.1 per cent from the previous year.
The rise in these incedents is dramatic when compared with previous years, with only 21 cases in 1997, 33 in 1998, and 31 in 1999.
Of the total cases last year, 101, or 66.4 per cent, were prosecuted, with the FSS meting out mild disciplinary action in 33 cases.
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