Tag: ra deok-yeon

ra deok-yeon

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Appellate court reduces term of ex-investment firm head in massive stock manipulation case

An appellate court on Tuesday reduced the former head of an investment consulting firm to eight years in prison for his role in a massive stock manipulation scheme that reaped 730 billion won in ill-gotten gains.

2025.11.25

Kiwoom Securities headquarters in Yeouido, western Seoul [NEWS1]

Kiwoom Securities raided over alleged stock manipulation

A joint investigation team of prosecution and financial authorities from the Seoul Southern District Prosecutors' Office raided Kiwoom Securities' headquarters in Yeouido, western Seoul, on Wednesday morning to secure materials related to...

2023.5.24

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Financial Supervisory Service Gov. Lee Bok-hyun speaks during a policy debate in central Seoul on April 12. [NEWS1]

Financial watchdogs crack down after suspicious stock crash

Financial regulators are tightening oversight over brokers and unlicensed investment advisories to prevent illegal trades after a handful of stocks crashed and wiped out more than $9.7 billion within a month.

2023.5.16

Bogus golf gets barred

An indoor golf academy in Gangnam District, southern Seoul, run by a pro golfer surnamed Ahn, a suspect in the recent alleged stock manipulation case under investigation by prosecution and financial authorities, is barred with ″keep out″ signs...

2023.5.10

Ra Deok-yeon, a key suspect in a stock manipulation scheme, speaks during an interview with a local news media outlet on May 1. [YONHAP]

Prosecutors nab key suspect in stock manipulation case

Prosecutors on Tuesday apprehended advisory firm head Ra Deok-yeon, a key suspect in a stock manipulation case that has recently shaken Korean financial markets.

2023.5.9

Ra Deok-yeon, a key suspect in an alleged stock manipulation case, talks to a news media outlet on May 1. [YONHAP]

Key suspect arrested in suspected stock manipulation case

Prosecutors arrested Ra Deok-yeon, a key suspect in a recent case of suspected stock manipulation, at his residence Tuesday. He is suspected of manipulating the stock market for as long as three years, under the financial regulators' radar...

2023.5.9

Financial authorities on April 27 load confiscated items after raiding an office in Gangnam, southern Seoul, used by alleged stock manipulators. [NEWS1]

[NEWS ANALYSIS] Complex scheme rattling Korean markets

Unlike the short-term, pump-and-dump stock manipulation cases in the past, the recent scam involved stealth ramping of carefully selected stocks for as long as three years. Some of these stocks became “10-baggers” over the period...

2023.5.8

People walk past Kiwoom Securities office in Yeouido, western Seoul, on May 4. [NEWS1]

[EXCLUSIVE] Kiwoom and eBest are targets of investor suits

Retail investors who lost money in recent small-cap stock crashes are filing civil complaints against brokers they say are to blame.