South Korea's Financial Services Commission Strengthens Powers Against Stock Price Manipulation on July 8

On July 8, South Korea's Financial Services Commission (FSC) Chair Lee Eok-won visited the Joint Task Force Against Stock Price Manipulation on its one-year anniversary, greeting employees and announcing enhanced enforcement powers, according to Yonhap Infomax.

The task force, which began with 36 staff members, has expanded to approximately 90 personnel from the FSC, Financial Supervisory Service, prosecutors, and Korea Exchange. Over the past year, the unit detected 10 major unfair trading cases involving market manipulation and insider trading. The FSC unveiled new measures including expanded phone record request authority, broader criminal confiscation powers, and AI-based case analysis systems. Additionally, whistleblower rewards for stock manipulation cases were uncapped, with payouts up to 30 percent of recovered illicit gains.