On the morning of Oct. 18, Lee Bok-hyun, the Governor of the Financial Supervisory Service, answers questions regarding the restructuring process of Homeplus at the National Assembly in Yeouido, Seoul./Courtesy of News1

Lee Bok-hyun, head of the Financial Supervisory Service, noted he would address the allegations of stock price manipulation involving SAMBU Construction during his term.

In a full meeting of the National Assembly's Political Affairs Committee on the 18th, Lee said, "My term lasts until early June, and I will do my best to handle this while I am here."

He added, "We consider SAMBU Construction to be the most significant case among those we are currently handling."

In May 2023, SAMBU Construction's stock price rose from the 1,000 won range to 5,500 won within two months, linked to contracts for reconstruction projects in Ukraine. It has emerged that stakeholders of SAMBU Construction made capital gains in excess of 11 billion won during this process.

The opposition claims that Lee Jong-ho, former representative of Black Pearl Investment, an individual involved in the stock manipulation allegations regarding Deutsch Motors and the account manager for Kim Keon-hee, intervened in the surge of SAMBU Construction's stock price. This is because the stock price and trading volume surged after he sent a message in a group chat saying, "Check SAMBU tomorrow."

However, Lee stated that Kim is not among the stakeholders who made the 11 billion won profit. On that day, when Representative Min Byung-deok of the Democratic Party asked, "Was Kim included among the stakeholders of SAMBU Construction who made profits from the sale?" Lee replied, "She was not included."

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