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Je “Jeong Kyung-Shim, continued the candidate contract until two weeks before his resignation as Secretary of State”



[정경심 14개 혐의 추가기소]Allegations revealed on page A4 79


Chung Kyung-Shim, a professor at Dongyang University (in prison, 57), bought two hundred and thirty-one million won shares of WFM from secondary battery maker WFM, which was exposed to undisclosed information last year.

One was Chung's brother, Jungmo Bonami System, and the other was the account of hairdresser A. At that time, the 54-year-old former attorney general from her husband's homeland served as presidential secretary for civil affairs, so that actions maintained under the Civil Service Ethics Act also needed to be empty. The prosecution found that Professor Chung mobilized a loan account to circumvent these obligations and make a profit on investments using undisclosed information and was charged with violating the Capital Markets Act and the Actual Financial Names Act.


○ Use your hair salon account the day before your information was released

Chung's indictment on 79 pages of A4 paper, unveiled at the National Assembly on November 11, describes his history of equity investments using undisclosed information.

Chung Kyung-Shim, a professor at Dongyang University, wife of the former attorney general, has been charged with 14 counts, including the use of undisclosed information under the Capital Market Law.
Attorney General Yoon Seok-yeol (center) returns to the Supreme Prosecutor's Office in Seocho-gu, Seoul on the 11th. By Kim Jae-myung
base@donga.com

In early January last year, Professor Chung received information from his five-year-old nephew Cho Beom-dong (arrested), who plans to start production of a secondary battery anode material plant soon. I bought a million won. In late January, the company bought a total of 120,000 shares of the company's royal sovereignty, with Chung and 600 million won. The plant was not released until February 9.
In February of the same year, Cho met his brother and sister Chung at a restaurant in Seoul's Mo Hansik-sik restaurant, saying: "News of the WFM negative materials evaluation experiment will be announced next week." Professor Chung borrowed an account from his usual hairdresser, A, three days after hearing the story and bought another 21 million WFM in WFM stock. The information was released a day before the news.
In November of the same year, just four hours before the information "WFM signed an MOU for the supply of cathodic materials to Chinese telecommunications companies," the company bought an additional 11 million won of WFM shares through Mr. A.'s account. A total of 731 million won of shares were acquired four times before the release of gender information.○ Investment in derivatives such as futures on behalf of Facebook

WFM gained more than 50 percent of its 5,000 earnings in February to 7,500 earnings last February after management took control of Joe Link's private equity manager Colink Private Equity (PE). The prosecution found that Professor Chung and Cho tried to get quotes using undisclosed information while trying to raise WFM stock prices through a list of deviations. The prosecution also found that Professor Chung loaned a gift option account on behalf of Mr. B, which he learned through Facebook to trade futures. According to the complaint, Professor Jung mobilized six accounts, including his younger brother, hairdresser and Facebook acquaintance, to make 790 financial transactions from June 2017 to September. Two months after her husband began working for Cheong Wa Dae, she continued her name contract from July 4, 2017 to September 30, two weeks before resigning as minister.

Professor Chung ordered 70,000 of the 120,000 shares he bought in January last year to be kept in his personal vault without registering when he registered his employees' property, while the other 50,000 were kept in his brother's house. Although these shares were purchased with undisclosed information as a means of gaining royal sovereignty, Professor Chung's brother-in-law, brother-in-law's brother-in-law, a fake share transfer agreement on behalf of an acquaintance and a cash receipt were also presented to memorize your purchases as if he had bought them.

By Kim Dong-hyuk, hack@donga.com

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