Arab Today, arab today financial services commission reports tong yang group chief for unfair trading
Last Updated : GMT 08:07:24
Arab Today, arab today
Arab Today, arab today

Financial services commission reports Tong Yang Group chief for unfair trading

Arab Today, arab today

Arab Today, arab today Financial services commission reports Tong Yang Group chief for unfair trading

Seoul - Yonhap

The financial regulator Wednesday reported the head of South Korea's major conglomerate Tong Yang Group to the prosecution on charges of unfair trading that led to huge losses for retail investors following the firm's liquidity crunch last year. The Financial Services Commission (FSC) brought the charges against Hyun Jae-hyun, the chairman of Tong Yang Group, whom it has accused of selling debts in a bid to secure funds even though he knew the company was collapsing as it was unable to make any repayments for maturing debts.

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