Market Chatter: FSC Raids SBS Over Netflix Insider Trading Allegations

MT Newswires Live

2025/07/15

South Korea's financial regulator, the Financial Services Commission, on Tuesday raided TV broadcaster Seoul Broadcasting System (KRX:034120), investigating allegations of insider trading linked to its Netflix deal, Yonhap News reported the same day.

An SBS official allegedly purchased company shares using undisclosed information about its December 2024 content partnership with Netflix and sold them after the deal was announced, earning illicit profits worth hundreds of millions of won. SBS shares had surged to the daily upper limit for two straight sessions following the news, according to the report.

The FSC is also probing other SBS staff. The TV broadcaster confirmed the dismissal of the implicated official and pledged full compliance with authorities, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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SBS shares had surged to the daily upper limit for two straight sessions following the news, according to the report.</p><p>The FSC is also probing other SBS staff. The TV broadcaster confirmed the dismissal of the implicated official and pledged full compliance with authorities, it said.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0882574139.USD","symbol_name":"富达环球消费行业基金A ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2551643231","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551643231","pubTimestamp":1752579920,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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SBS shares had surged to the daily upper limit for two straight sessions following the news, according to the report.The FSC is also probing other SBS staff. The TV broadcaster confirmed the dismissal of the implicated official and pledged full compliance with authorities, it said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}