Kosdaq to Halt Stock Rumors
Regulators will crack down on online postings of false information about firms traded on the Kosdaq market, they said Monday.The Kosdaq Market Regulation Committee has begun operating "KONAR," a system that automatically searches for stock-related information on the Web and stores it for regulators to monitor.
With the new system, Kosdaq staff will no longer have to look for the information manually and will be better able to react promptly to the spread of groundless rumors that may affect share prices.
"It used to take three to four days to get this information, but now we can act on the same day a rumor is started," an official said.
with the Korea JoongAng Daily
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