Wednesday, April 19, 2017

Exchange, unfair competition prevention seminars ... "It should establish an internal control system"



[Reporter Korea goyounghun financial newspaper] held a seminar for Korea Exchange listed companies 19 days unfair competition prevention.

Exchange and Korea Listed Companies Association, KOSDAQ Association and Conex associations jointly traded in exchange day international conference corporate employees, academia, the legal community, held a seminar among industry personnel attended.

Yihaeseon Exchange Market Surveillance chair with the greeting "Exchange is active is a capital market managers listed companies, such as conducting visits Consulting targeting listed companies to establish an effective internal control system to support plans," he said "listed companies and stock exchange gotta be through the joint efforts of the internal control system reliably settled in listed companies should be formed as an internal control culture, "he said.

Yugwangyeol finance committee standing committee members through the stalls of the importance of "the lack of internal controls gives effect falling foreign confidence in listed companies was inadequate in the capital market integrity and investor protection" and "all employees of publicly traded companies have internal controls recognition and urged that it should establish an effective system "through continuous investment in building an internal control system.

Choeseungjae Sejong University professor spirals on the subject was published analysis of several cases related to insider trading and presents a plan concerning the internal control systems established for the prevention of unfair competition listed companies. Two bakhyeonchul PwC Managing in the second topic presentation introduced the unfair business practices preventing listed companies listed company compliance assistance programs such as the standard model and the foreign exchange by the Korea Exchange developed to support the establishment of internal control systems.

Jeong Sunseop led to this topic presentations and discussions conducted by the Social Law School at Seoul National University. Choeseungjae first professor to announce the second theme is announced to analyze and study the various cases relating to insider trading of listed companies, including employees who had recently occurred.

Yujaehun FSC Capital Market Research took part in the refurbished, Sung - Hee bow Inha University Law School professor, Jeong Wooyong Korea Listed Companies Association Executive Director, gimyoungchun panel discussions, including Korea Exchange Market Surveillance Committee Executive.

In a panel discussion gimyoungchun Exchange Managing Director said "2016 insider trading related to unfair transactions trend number accounts for about 50% of all alleged cases 88 cases involving the recently listed companies, executives and employees, including soaring 83% YoY increase in insider trading." he said, "this will help listed companies to voluntarily establish a system of internal control to prevent unfair trade practices such as insider trading, and presented the improvements."



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