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A high-profile case raises concerns over media ethics and market integrity.
A former South Korean journalist and a former securities firm employee have been released on bail while facing trial over alleged stock price manipulation worth about 11.2 billion won. Prosecutors say the pair used favourable news articles to inflate share prices of targeted companies before selling for profit over eight years. The Seoul Southern District Court approved their release as legal proceedings continue. Both suspects deny the charges. The case has drawn attention in South Korea over concerns about financial market abuse, misleading journalism practices, and growing scrutiny of media involvement in stock-related promotions and trading activity.
To read the full story: https://www.tjcproject.org/former-south-korean-journalist-released-on-bail-in-stock-manipulation-case/