KBS Reports that Government Authorities are Looking into Stock Manipulation for Tutoring Company Siwon School with Agency Gold Medalist One of the Largest Shareholders
When it rains it pours for embattled top actor Kim Soo Hyun and his agency Gold Medalist, which he started with his cousin years ago when he left longtime agency SM Entertainment. After a pause on back-and-forth new details being revealed by either side in the scandal concern him allegedly dating deceased actress Kim Sae Ron when she was still a minor, a different legal issue has emerged that implicates Gold Medalist. KBS news reported that the financial unit of the Financial Services Commission of South Korea las launched a formal investigation into stock manipulation (i.e. pump and dump tactics) with respect to publicly traded education and tutoring company Siwon School. Three years ago the company price was around 1000 won (0.7 cents) before the stock price went up rapidly 7-fold before major selling dropped it back down to the original very low price. Siwon School’s largest shareholder is a privately hold investment company where Gold Medalist is a major owner. This investigation was actually started by the Commission after algorithms detected the unusual trading patterns and was happening even before the recent pedophilia allegations scandal. Gold Medalist has denied any stock manipulation allegations as the investigation remains ongoing.
No. The facts are incorrect. SiWon School and Gold Medalist bought over a company called WFM (infamously linked to insider trading to the now convicted and jailed ex Minister of Justice’s (Cho Kuk) wife Chung Kyung Sim). They renamed it Gold&S (half Gold Medalist, half SiWon School). The investigation involves this particular company Gold&S listed in KOSDAQ. The stock price had been stable and suddenly in the course of over 6 months (?) rocketed up significantly and then subsequently crashed back down after a mass sell off at the top. Ironically, KSR’s name was listed as one of the shareholders (minority). She had sold some of these bonds off recently in an attempt to pay off her debt to GM. Murky links to political leaders. I think this will be the one to sink KSH and GM. Just like Al Capone got caught with tax evasion.
Coincidentally, KSR’s dating news with Woodz seems to be dominating a lot of coverage instead of this news about stock manipulation. He and his PR team and fans are pushing the alleged dating news to trend, especially on certain platforms like weibo and douban that are forbidding people to talk about his unfavorable news. He has so much power to buy media, to buy supporters, all in an attempt to divert focus and to shift the media sentiment that he is not a pedophile. I am not surprised if both dirty laundry from him will come out.
more dirty laundry *
Yeah. But the WoodZ saga is a nothing burger really. This stock manipulation will ruin him and GM if proven. There’s too many dirty links in it not to have some of it stick. And this is the one that will result in massive fines and potentially jail time. A defamation suit from KSR’s side will just result in damages. Personally I am watching the stock manipulation unfold. Not as sensational as the whole dating a minor saga (and all the other dirty stuff happening to divert attention – which frankly has backfired on him – nobody’s buying it anymore except his most avid fans) but it’s meatier and easier to prove because of the paper trail. Plus government pays for it because they are prosecuting – a plus for KSR’s family and GSI.
@pilgrim, his fans are saying he is just a worker at GM. Whatever stock manipulation has nothing to do with him lol.
I think they are trying to force a timeline that KSR dated Woodz in early 2021 to refute the family’s statement that KSR dated KSH for 6 years till 2021.
Wow, still piling up…I really did not expect this. They are being monitored even before his scandal. What are the chances the algorithms are not wrong? Of course, they need to deny first. Always deny first then see what happens.He denied ever dating the young actress but later said he did. Just the timeline is not as reported.