Gov't to Investigate Hyundai's Illegal Stock Trading.

From: Korea Times (Seoul, Korea) | Date: April 8, 1999 | Copyright information

The Financial Supervisory Commission (FSC) yesterday decided to refer Hyundai Group to the prosecution for charges made on its illegal manipulation of stock prices.

Hyundai Heavy Industries and Hyundai Merchant Marine are accused of attempting to raise the stock prices of Hyundai Electronics Industries by purchasing many shares in 1998.

Hyundai Heavy Industries purchased shares worth of 200 billion won while Hyundai Merchant Marine invested 20 billion won in ...

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