Yoon & Yang LLC said on the 23rd it launched a "capital market unfair trading investigation response center" that covers financial authorities' investigations and criminal probes, digital forensics responses, and disclosures. The center consists of about 50 experts from the Financial Supervisory Service, the prosecution, the police, and the Korea Exchange (KRX).
Yoon & Yang said it formed the center with experts from various fields as the financial authorities strengthen a response system that links investigations and probes, including launching a "task force to eradicate stock price manipulation." It is an organization designed to provide an integrated response to unfair trading in the capital market.
The center will be co-led by Managing Partner Kang Nam-il, formerly deputy prosecutor general at the Supreme Prosecutors' Office, and Adviser Kim Dong-hoe, former vice governor in charge of capital markets at the Financial Supervisory Service. The center consists of four response teams and four support teams.
The financial authorities investigation response team includes attorneys Jeong Hyeon-seok, Choi Jong-yeol, and Na Seong-yun, who previously served in the FSS investigation bureau and as special judicial police, as well as Advisers Cho Guk-hwan and Kim Kang-il from the Financial Supervisory Service (FSS), and Senior Expert Lee Jae-yeon.
The exchange response team includes Adviser Kim Seong-tae, formerly a managing director at the exchange, Adviser Jeong Un-su, formerly a headquarters chief at the exchange, Senior Expert Kim Jong-il, formerly a department director, and Attorney Kim Ji-yeon, who has experience working at the exchange.
The prosecution-police investigation response team includes Attorney Kim Young-gi, formerly head of the joint securities crime investigation unit, and Attorneys Lee Seon-bong and Kim Hyeong-rok from the financial investigation division, as well as Attorneys Kim Young-hyeon and Choi Jong-hyeok, who served as legal advisers at the Financial Supervisory Service. Also participating are Advisers Lee Gyu-mun and Heo Yeong-beom, both former provincial police commissioners, Senior Expert Go Gwang-mun, formerly with the Seoul Metropolitan Police Agency's wide area investigation unit, and Attorney Jo Hyeon-seok from the Korean National Police Agency's investigation planning division.
The virtual asset investigation response team includes Adviser Kim Yong-tae, formerly director general of digital innovation at the FSS, Attorney Joo Min-seok, formerly a Deputy Director at the Financial Services Commission, and Attorney Lee Bo-hyeon, head of Yoon & Yang's digital finance team.
The digital forensics support team includes Attorney Lim Hee-seong, head of Yoon & Yang's digital forensics center, Senior Expert Lee Gyu-chun, formerly with the Supreme Prosecutors' Office cyber investigation division, and Senior Expert Jang Jun-won, formerly head of the Korean National Police Agency National Office of Investigation cyberterror investigation team.
The accounting regulation support team includes Accountant Kim Jun-hong, formerly with the Financial Supervisory Service, and Attorneys Jeong Ji-taek and Yu Yeong-won, who hold certified public accountant qualifications in Korea.
The disclosure response support team includes Attorney Yeon Seung-jae, formerly with the FSS corporate disclosure bureau, and Attorney Jeong Seong-bin, who has experience in disclosure and delisting work at the exchange. There is also an education support team.
Center chief Kang Nam-il said, "As unfair trading cases in the capital market grow more complex and larger in scale, the difficulty of responding has increased significantly," adding, "Through a comprehensive response system that encompasses financial regulation, criminal investigations, and digital forensics, we will provide practical help to corporations' risk management."