![[instiz] KIM SOOHYUN’S SCHOOL STOCK MANIPULATION](https://blogger.googleusercontent.com/img/a/AVvXsEitySfv4fxTyxBWszn6zwh2qCgE03Ql6hxIoH7i4ywwnJ-grsC76JYtPL7tQpa2F_etQ0UyLd5ReSXM4EGdRpHi1OY1dAIN2B98YSGa6afGt3L87x8Hye9tYxO0SSf4so6hZz22yaGHiBgXwHcu_OJ5OqeUCPPLMorJkY9edjKXtRN--p5Hxu9X0pxm2BND=w1200-h630-p-k-no-nu "[instiz] KIM SOOHYUN’S SCHOOL STOCK MANIPULATION")
“Suspicious stock activity at an online education company… Investigation launched involving a major entertainment agency.”
The Korea Exchange has also flagged the case for “suspicious trading activity.”
Police have identified accounts and account holders suspected of stock price manipulation.
They are now tracking the involved stock accounts to trace the profits made through price differences.
The education company in question has an unusual ownership structure.
Its largest shareholder, holding over 50% of the shares, is an investment partnership.
This partnership is funded equally (50:50) by two entities; one of which is a major entertainment agency.
This agency is a so-called “one-man agency” recently founded by a celebrity who has been at the center of controversy.
In response to KBS’s inquiry about whether the agency was aware of or involved in the alleged stock manipulation, the agency stated: “We had no involvement whatsoever in the stock price of the company in question.”
A + B (celebrity company) -> collaborative investment -> OO education establishment
“I don’t know much but… I think they’re quite nervous about it”
Major shareholders:
1. Irobe
“Siwon School, new brand models: Kim Soohyun and Ha Jungwoo”
[…]
Later, Siwon School moved to acquire the KOSDAQ-listed company ‘Gold&S’, which was facing delisting due to its failed secondary battery business.
What’s unusual is that the acquisition was carried out in partnership with ‘Gold Medalist’, the agency representing actor Kim Soohyun.
[…]
Undervalued stock allocations and insiders trading
Those who acquired the company right before it was delisted soon issued a large volume of shares to certain investment associations at a very low price, 500 KRW per share, through instruments like bond with warrants (BW) and convertible bonds (CB).
The issue is that key figures from both Gold Medalist and Siwon School were heavily involved in these investment groups.
For example, ‘Cosmos No. 3’ included Irobe, the founder of Gold Medalist and hyung of actor Kim Soohyun, as well as Lee Siwon, the CEO of Siwon School.
Subsequently, the company’s stock price surged.
In particular, 2022 was a period when the secondary battery theme heated up the market.
Amid this atmosphere, the stock price soared to as high as 14,000 won at one point.
At this time, it appears that the investment groups, which had acquired stocks at a low price, began selling off their shares in large quantities.
According to the data, Irobe from ‘Cosmos No. 3’ realized a profit of about 17 billion won, and Lee Siwon made about 24.7 billion won.
Meanwhile, Kim Mihye and Shin Pilsoon from ‘Blue No. 5’ each realized profits of about 8.5 billion won.
It is analyzed that Gold Medalist insiders and directors listed on Stella’s investment shares likely shared a total profit of over 50 billion won, fueling the suspicion that this large profit went to the group of insiders.
2. The amount stocks they manipulated was huge
3. If this is true, that Irobe guy needs to be sentenced
4. He did everything
5. What a mess sigh
6. The more you peel the worse it gets
7. Seriously who is behind him..ㄷㄷ
8. Wow what the..?
9. This is honestly legendary
10. Kim Soohyun isn’t part of the listed shareholders so why are you lumping him in the title?
> Because Dispatch officially revealed that him and his hyung own 100% of the company’s shares