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[Alpha Biz=(Chicago) Reporter Paul Lee] Trading between Youngpoong Paper, which had been suspended due to allegations of unfair trade, and Daeyang Metal, the largest shareholder, will resume today (26th).
The Financial Services Commission, the Financial Supervisory Service and the Korea Exchange issued a joint press release on the 25th and said, "We have decided to lift the suspension of trading of two items, Youngpoong Paper and Daeyang Metal, from the 26th."
Accordingly, the two stocks that were suspended from trading on the 19th became tradingable after 5 trading days.
The financial authorities said, "After the sharp decline in the stock prices of eight stocks on April 24, in the process of intensively checking for the possibility of similar types of unfair transactions, we detected suspicions of stock price manipulation related to the stocks mentioned above and notified them to the prosecution (Southern District Prosecutors' Office)."
financial authorities explained, "Based on this, we will take market measures to protect investors, including suspension of trading, after consultation with related agencies in the event of the lower limit on October 18."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
