Massive Stock Surge Sparks Police Probe

In a shocking turn of events, police are delving into alarming allegations of stock manipulation linked to Siwon School, a prominent online education platform booming on the KOSDAQ. Even more sensational? Gold Medalist, the agency of superstar actor Kim Soo Hyun, finds itself amid the swirling controversy.

Siwon School: From Popularity to Investigation

Siwon School has become a titan in South Korea's English learning sector, yet recent years have raised eyebrows with bizarre fluctuations in its stock prices. Reports indicate a staggering leap in valuation—starting at around 1,000 KRW (approximately $0.7) just three years ago, the stock rocketed to over 10,000 KRW (about $7) in less than nine months, amplifying interest and suspicion.

Market Manipulation? Unraveling the Mystery

However, this meteoric rise wasn't sustainable. A sudden sell-off led to a nosedive back to previous levels, prompting the Financial Intelligence Unit (FIU) under the Financial Services Commission to step in with a report to local law enforcement. With the Korea Exchange also raising red flags for unusual trading patterns, the stakes are high.

The Anomaly of Ownership

Digging deeper, investigators have revealed a perplexing ownership structure at play. A private investment partnership holds over 50% of Siwon School's shares, with one of its backers being none other than Gold Medalist. This ties the entertainment world closely to the financial allegations, complicating matters exponentially.

Gold Medalist Responds: 'We Were Not Involved'

When approached for comment, Gold Medalist categorically denied any involvement in the stock dealings at Siwon School. Their spokesperson insisted, 'We had no involvement whatsoever in the trading of the stock in question.' However, with high-stakes names and legal implications on the line, many are left questioning the veracity of these claims.

What’s Next? All Eyes on the Investigation

As this high-profile investigation unfolds, both financial regulators and fans alike are poised in anticipation. Will more shocking truths emerge from the depths of corporate governance and entertainment industry ties? One thing's for sure: the unfolding drama carries the potential for serious repercussions across multiple sectors.