South Korean entertainment firm Artist United faces insider trading probe, causing shares to plummet.
South Korean entertainment company Artist United, where actor Lee Jung Jae is the largest shareholder, is facing an investigation into insider trading allegations. The company's shares have dropped by over 20%, amid suspicions that some individuals manipulated stock prices before Lee and fellow actor Jung Woo Sung acquired the company. Artist United denies any wrongdoing by Lee or Jung and says they are cooperating with authorities but are not subjects of the investigation.
4 months ago
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