Reports of unfair stock market activity dip 29 pct in Q1

SEOUL, April 20 (Yonhap) -- South Korea's financial watchdog said Monday newly
reported cases of unfair stock market practices declined 29 percent on-year in
the first quarter due to its consistent supervision.

Cases of unfair stock market practices reported to the watchdog reached 44 in the
January-March period, compared with 62 a year earlier, according to the Financial
Supervisory Service.
Unfair practices in the stock market include rigging share prices, using
undisclosed information in trading and failing to report ownership of a large
number of stocks.
Cases of stock price manipulation fell 8.3 percent on-year to 11 last quarter
with those in the country's tech-heavy KOSDAQ market accounting for 63.6 percent
of the total, the watchdog said.
Meanwhile, unfair trading cases reported to the bourse operator, the Korea
Exchange, came in at 36 in the first quarter, down from 37 the previous year.
sooyeon@yna.co.kr
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