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south korea

A collection of 2 posts

Citadel Securities Gets $9.66M Fine in South Korea for Local Stock Market Disturbance

Per Reuters The Financial Services Commission (FSC) of South Korea is slapping a $9.66 million fine on Citadel Securities, a US-based capital markets firm, for reportedly "distorting stock prices with artificial factors." An average of 1,422 stocks per day were affected from Oct 2017 until May

Tesla Receives $2.2 Million Fine from South Korea After Failure to Disclose Low-Temp EV Performance

Per Reuters Tesla was slapped with a $2.2 million fine from South Korea's antitrust regulator. The Korea Fair Trade Commission (KFTC) said that from August 2019 until recently, the company failed to disclose its true driving ranges, cost-effectiveness, and performance. The KFTC shared how Tesla EVs driving