Kim Jin-wook “I have never traded stocks using undisclosed information” (General)

野 Refuted the suspicion of’bio stock investment’

Candidate Jin-wook Kim, Minister of Public Transport
Candidate Jin-wook Kim, Minister of Public Transport

(Seoul = Yonhap News) Reporter Shin Joon-hee = Kim Jin-wook’s first high-ranking public official, a candidate for the head of the criminal investigation office, is going to the office in preparation for a personnel hearing in Jongno-gu on the 5th. [email protected]

(Seoul = Yonhap News) Reporter Lee Dae-hee, Choi Jae-seo = Kim Jin-wook, the first chief of the high-ranking officials criminal investigation agency (public prosecutors’ office), refuted on the 6th to raise suspicions by the opposition party regarding stock trading, saying, “I have never made a transaction using undisclosed important information.”

Candidate Kim’s Personnel Hearing Preparatory Group said, “I will explain the details in detail during the hearing process” through the position data.

Earlier, the Power of the People raised the suspicion that candidate Kim obtained a market price margin by using undisclosed information in the process of acquiring shares of Miko Biomed (worth KRW 93.85 million), a manufacturer of a new coronavirus infection (Corona 19) diagnostic kit.

In March 2017, Candidate Kim acquired the shares of Nano-Biosys, which had served as a representative of an alumni of Harvard University in the U.S., by participating in a’third-party allocation capital increase’, and in August of the same year Merged with.

According to the announcement of the capital increase of Nanobiosis at the time candidate Kim acquired the stock, the company issued 114,244 shares at 8,300 won per share discounted by 8.97% from the average stock price. Of these, Candidate Kim acquired 5813 shares (worth 48.24 million won).

Candidate Kim emphasized that this process is a normal third-party allocation transaction, and that they were not aware of the merger with Miko Biomed.

Rather, when it acquired the stock, Nanobiosis applied for listing on the KOSDAQ and withdrew, and the stock price plummeted, and in the subsequent capital increase, it is said that it issued new stock at a price lower than the price that Candidate Kim acquired.

Candidate Kim also refuted that the price gains raised by the opposition party were nonsensical as the stock had not been sold. Candidate Kim has been investing in Miko Biomed for nearly four years, but the report card actually appears to be negative.

The present value of the company’s shares held by Candidate Kim (93.85 million won) seems to have nearly doubled from the initial investment amount (48.24 million won) in 2017, but this is the result of additional purchases in September last year.

Candidate Jinwook Kim
Candidate Jinwook Kim

(Seoul = Yonhap News) Reporter Shin Joon-hee = Kim Jin-wook’s first high-ranking public official, a candidate for the head of the criminal investigation office, is going to the office in preparation for a personnel hearing in Jongno-gu on the 5th. [email protected]

Looking at the request for a personnel hearing, candidate Kim reported the present value of the stock acquired in 2017 at 62.1 million won. It is a profit section of about 12 million won. However, 2818 shares of additional purchases reported at 31.7 million won seem to be about 40 million won in loss.

At the time of purchase, last September, the stock price was around 25,000 won, but now it has fallen to the beginning of 10,000 won. In the end, the total investment amount is about 120 million won, but if you sell the stock at the present time, you will lose in the second half of 20 million won.

Meanwhile, candidate Kim drove his own car to work at the hearing office in Jongno-gu, Seoul at 10 am on the same day.

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