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[Alpha Biz= Paul Lee] SEOUL, October 30, 2025 — NH Investment & Securities announced that it has suspended from duty an investment banking (IB) executive under investigation by the government’s Joint Task Force on Stock Manipulation, just two days after authorities raided the firm’s Seoul headquarters.
In a statement released Tuesday, the company said:
“We take this matter very seriously as it involves a position requiring the highest ethical standards. The suspension was made to ensure full cooperation with the task force’s investigation.”
The executive, identified as Mr. A, is accused of leaking confidential information about 11 tender offer (public buyout) deals handled by NH Investment & Securities over the past two years to acquaintances and colleagues, allegedly earning over KRW 2 billion in illegal profits.
On October 28, the Joint Task Force, comprising officials from the Financial Services Commission, Financial Supervisory Service, and Korea Exchange, conducted a search and seizure at the company’s Yeouido headquarters, including Mr. A’s office and the related departments. At the time, Mr. A was reportedly on an overseas business trip, and NH Investment later ordered him to return immediately.
NH Investment & Securities also announced the establishment of a special task force (TF) to strengthen its internal control and compliance systems, led by Vice President Yoon Byung-woon.
“The company will make every effort to reinforce ethical management and restore market trust,” NH Investment added.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
