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

Opposition party refutes suspicion of investing in bio stocks

(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 Viosys, which had served as a representative of a Harvard University alumni in the U.S., by participating in a’third party-allocated capital increase’, and the company was merged with Miko Biomed in August of the same year. .

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.

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 “market price margin” raised by the opposition party was nonsensical as the stock was not sold. The company’s stock price jumped to 33,000 won last year, but now it has dropped to the low of 10,000 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.

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. 2021.1.5 [email protected]

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