Search results for Meritz Financial Group
Finance
Prosecutors raid Daishin Securities, reviving brokerage internal controls debate
A prosecutors’ raid on Daishin Securities in a probe into alleged price manipulation involving a manager has reignited concerns over the effectiveness of internal controls across South Korea’s brokerage industry. The employee is suspected of colluding with outside actors to boost a KOSDAQ-listed stock and generate illicit profits worth tens of billions of won. Daishin says it detected suspicious trading early and reported the case, but some see the investigation expanding. Regulators and firms are also stepping up internal-control measures.
Finance
Prosecutors raid Meritz Securities over suspected use of undisclosed information
South Korean prosecutors began a forced investigation into Meritz Securities’ headquarters and the office of Meritz Financial Group Vice Chairman Kim Yong-beom over allegations that executives used undisclosed material information. Investigators seized computer hard drives and documents as they examine whether insider information was illegally used during the group’s 2022 move to make affiliates wholly owned subsidiaries. Meritz Financial shares fell 5.95 percent to 101,200 won.
Finance
KOSPI tops 4,300 on first trading day of 2026; Samsung Electronics jumps 7.17 percent
South Korea\'s KOSPI surged 2.27 percent on Jan. 2, the first trading day of 2026, to close at 4,309.63 after touching 4,300 for the first time. The index opened higher and climbed throughout the session. Foreign investors bought 630.9 billion won, while individuals and institutions sold 454.3 billion won and 233.5 billion won. Samsung Electronics jumped 7.17 percent to a record close, and SK Hynix rose 3.99 percent. The KOSDAQ gained 2.17 percent.