President Lee Targets 'Front-Running by Journalists'..."Stop Stock Manipulation, Turn Yourself In If Involved"

During European Tour, President Shares News of Arrests in Front-Running Case
"Normalization of Abnormal Practices, Stop Ruinous Stock Manipulation"

On June 13, President Lee Jaemyung issued a warning regarding "front-running by journalists," where reporters write articles about specific stocks to artificially boost prices and gain unfair profits. He stated, "Stop engaging in stock price manipulation that leads to ruin, and return to being journalists who pursue principled reporting."

Yonhap News Agency

On this day, President Lee shared an article on X (formerly Twitter) reporting that the Financial Supervisory Service’s Capital Markets Special Judicial Police had arrested an active economic media reporter and a broker who is a certified public accountant for front-running trades. He commented, calling this "the normalization of abnormal practices."

President Lee wrote, "If you have already committed such acts, you are encouraged to turn yourself in. Public interest whistleblowers may receive reduced punishment and a reward for reporting."

He added, "Any behavior that causes harm to law-abiding citizens and seeks profit by breaking the rules is an abnormal remnant of the past. To build a Korea where everyone can prosper together, normalizing all such abnormal practices is an inevitable task of our time."

This content was produced with the assistance of AI translation services.