Woori Technology is showing weakness in the early trading on the 8th following news that it is under investigation by the special prosecution team led by Kim Keon-hee over stock manipulation allegations.

The special investigation team led by Min Jung-ki investigates the allegations against Kim Keon-hee and is loading boxes containing seized items into a vehicle after completing a search at the SAMBU Construction headquarters. /Courtesy of News1

As of 9:32 a.m. on that day, Woori Technology was trading at 3,985 won, down 220 won (5.23%) from the previous trading day.

The special prosecution team is focusing its investigation based on circumstances indicating that parties involved in the stock manipulation of Deutsch Motors in 2010-2011 were also implicated in the stock manipulation of Woori Technology. In January 2023, Kim Eui-kyeom, a member of the Democratic Party of Korea at the time, raised such allegations, claiming that Kim Keon-hee's account had been used. At that time, the presidential office reported the allegations as fake news and filed a defamation complaint against the former lawmaker.

The special prosecution team is expected to prioritize the investigation of the case involving Woori Technology alongside the stock manipulation allegations against SAMBU Construction.

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