Overview
- Min issued a statement saying he did not use nonpublic information in selling Neo Semitech shares and pledged to continue leading the probe into former first lady Kim Keon Hee.
- The People Power Party said it will file complaints alleging illegal trading and called for Min to step down, adding claims about coercive questioning by his team in a separate case.
- The special counsel’s office acknowledged Min bought roughly 30 million won of Neo Semitech stock in the early 2000s and sold it in 2010 for about 130 million won, yielding a large gain.
- Scrutiny centers on whether any sale fell between Feb. 26 and March 24, 2010, a period before trading was suspended when undisclosed fraud information was known inside the company.
- Reports highlight that Min and two Neo Semitech figures attended the same schools, a coincidence fueling conflict-of-interest questions as Neo Semitech also features in the Kim Keon Hee investigation.