Cho Sang-Woo, Samsung Securities Decision for fines of ₩ 444 million (Samsung Bio Logics)

Samsung Securities, which caused a dividend error in ghost shares, will be fined KRW 144 million. The Financial Supervisory Commission (FSC) is expected to finalize additional disciplinary measures, including suspension of operations and suspension of staff, on May 25.

The Securities and Futures Commission of the Financial Supervisory Commission (FSC) deliberated and voted on the imposition of a fine of 144 million won at Samsung Securities, claiming responsibility for the incident "Dividend error" at the regular meeting on April 4th.

The Financial Supervisory Service (FSS) held a sanctions review committee on May 21 and decided to punish six months to sanction new commission transactions for Samsung Securities and penalties for penalties, as well as for four current and former directors and executives.

Meanwhile, the Supreme Court of Korea (KOSPI) has deliberated on the imposition of a penalty, and suspension of institutional work and employee sanctions will be handled together at the next regular meeting financial institutions. An official from the Financial Supervisory Commission said: "We will only deal with penalties for the penalty, and we will make the final decision on financial and institutional sanctions on the 25th."

On April 6, Samsung Securities wrongly distributed 1,000 shares to its shareholders in exchange for a cash dividend of 1,000 won per share. Twenty-one employees were charged with prosecution for embezzlement or embezzlement after attempting to sell or sell the wrong stock.

On the other hand, Koo also held a fourth round of deliberations on Samsung Bio Logics, which is suspected of the meeting. The meeting began with the FSS which began to report corrective actions to issues raised before the year 2015.

Since then, Samsung Biotech has gone from a subsidiary to a related company, raising doubts about its performance. Samsung Bio Logics and other parties said that he explained how that was not enough in the deliberations. Kwon said the meeting took place until 7 pm and the meeting ended with an additional meeting on the 18th. A representative of the Financial Supervisory Commission said: "We are discussing the final outcome on 18 and the conclusion may be somewhat delayed depending on the process of discussion. "

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