Deutsche Motors Chairman Kwon Oh-soo (53), who is accused of stock price manipulation and breach of trust, appeared in the morning of the 16th (today) at the interrogation of the suspect before arrest.



Judge Lee Se-chang of the Seoul Central District Court summoned Chairman Kwon at 10:30 a.m. on the same day to examine the arrest warrant requested by the prosecution for violating the Capital Market and Financial Investment Business Act (Capital Market Act).



Chairman Kwon went to the courtroom, consistently silently answering reporters' questions such as 'Do you admit the allegation of stock manipulation' and 'Is he in an acquaintance with Mr. Kim Gun-hee?'



While serving as the largest shareholder and CEO of Deutsche Motors, Chairman Kwon is accused of leaking internal information to boost stock prices and manipulating stock prices to prevent stock price declines.



Prosecutors believe that Chairman Kwon induced stocks to buy and sell by leaking internal information about the company, and then placed an imaginary purchase order with his own account, or mobilized external forces as a 'player' to raise the stock price.



Prosecutors are investigating the complaint that Kim Geon-hee, wife of the presidential candidate Yoon Seok-yeol, acted as a so-called 'Jeonju' in the process of manipulating the stock price of Deutsche Motors.



It is known that Chairman Kwon's arrest warrant did not include Kim's involvement in the crime, but if Chairman Kwon is arrested, the prosecution's investigation will quickly shift to the case of Kim's accusation.



On the other hand, whether or not to arrest Chairman Kwon is expected to be decided as early as this afternoon, or at the earliest on the morning of the 17th.



(Composition: Park Yoon-ju, Video coverage: Seo Jin-ho, Editing: Cha Hee-joo)