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First-of-its-kind analysis of 110,000 executives of KOSDAQ-listed companies- Excerpts from interviews with Park, Eun-Seok, attorney at Lin
2023.07.04
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South Korea's prominent public media outlet, KBS's documentary program, "Current Affairs Window," recently highlighted the detrimental effects of zero-capital M&A on employees, shareholders, and the capital market in Korea through the case of KOSDAQ-listed companies. To uncover executives potentially involved in suspected zero-capital M&A and subsequent delisting of companies, a comprehensive examination was conducted, covering all executive information from KOSDAQ-listed companies since 2012, amounting to over 110,000 cases. Experts were interviewed to explore strategies for preventing harm on investors and disruptions to the capital market caused by zero-capital M&A.
 

LIN, Attorney Park Eun-Seok

Park Eun-Seok, a former director of the Capital Market Investigation Division of the Financial Supervisory Service, responded to KBS's request as a capital market expert. "When we extracted and analyzed the executives who worked at the suspected companies and the delisted companies, we found that there were suspicious M&As and that the companies were delisted shortly after their employment," he said. " This seems to indicate that some of these executives might have been involved in disrupting the capital market instead of fulfilling their regular executive duties." He added that as long as there are those that seek to exploit loopholes in the capital market, the market may become subject to certain illegal activities.
 
The Finance Team at Lin includes lawyers and practitioners who have formerly served within the Financial Supervisory Service and the Financial Services Commission, including Attorney Park, as well as tax lawyers and accountants. Their unwavering dedication lies in minimizing risks for their clients in the ever-evolving financial landscape.
 
For more information, please refer to the original article below.
 
KBS News, Reporter Sujin Song
View original article ▼
https://news.kbs.co.kr/news/view.do?ncd=7713327&ref=A
Areas of Expertise
Professionals
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