South Korea Current Events a summary of Articles



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'Rigging stock prices'

 Prosecutors cleared Lee after they could not find any evidence that he conspired with a Korean-American fund manager in 2001 to manipulate stock prices. The case was re-opened after a video clip widely circulated on the internet purportedly showed Lee admitting to establishing the fraud-ridden asset management company. Kim Kyung Joon, the head of the controversial investment firm BBK, and Lee's business associate in a previous venture, was indicted on December 5 on charges of rigging share prices and embezzling tens of millions of dollars from the company.


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