SEOUL : South Korea’s financial market watchdog said on Thursday it acknowledged concerns among investors over a recent decision by Korea Zinc to issue new shares and was looking into the plan to determine if it involved any unfair practices.
“We will hold the company and related securities brokerage accountable if any unfair trade or misconduct is found,” Hahm Yong-il, senior deputy governor of the Financial Supervisory Service, told a briefing.
Hahm also said authorities could require Korea Zinc to submit a revised plan for share issuance if there was any major omission affecting investor decisions in the filing submitted on Wednesday.
