South Korea market watchdog looking into Korea Zinc's share issuance plan

Korea Zinc

31/10/2024 08:00

SEOUL, Oct 31 (Reuters) - 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. 
    
    

 (Reporting by Jihoon Lee
Editing by Ed Davies)
 ((jihoon.lee@thomsonreuters.com;))