Lim Chang-jung's stock price manipulation, Noh Hong-chul was not caught.

It was later revealed that broadcaster Noh Hong-cheol rejected an investment proposal from a stock price manipulation organization.

On the 27th, FNC Entertainment said, "Noh Hong-chul was offered an investment, but he declined it," and added, "It has nothing to do with this incident."

The stock price manipulation organization was related to the stock price plunge triggered by the previously controversial foreign securities company Societe Generale (SG). It was previously reported that singer Lim Chang-jung invested 3 billion won in a stock market organization but suffered a loss of about 8 billion won.

Mr. A, one of the stock manipulators, is said to have approached celebrities such as Noh Hong-chul while running a golf academy in the Gangnam area of Seoul. It is said that Noh Hong-chul also received an investment proposal from the group, but did not respond because there were parts of the proposal that he found suspicious.

According to investigative authorities, stock price manipulation forces raised stock prices by 0.5% to 1% per day to avoid the surveillance of financial authorities. The app was installed on a mobile phone opened in the investor's name and repeated selling and buying increased the stock price. I connected to an IP address near my address and even received my home address and office address to make it look like it was a normal transaction.

Laptops were provided to large investors. It was confirmed that when the laptop was turned on at the designated time, the operational forces remotely accessed the laptop and traded stocks.

Taeyuna, Ten Asia Reporter youyou@tenasia.co.kr