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| TITLE | Supreme Court Decision 2021Do1143 decided September 30, 2020 【Violation of the Financial Investment Services and Capital Markets Act】 [full Text] |
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| Summary | |
| 【Main Issues and Holdings】 Matters to be considered when calculating the value of the profit accrued by a violation for application of the proviso of Parag. (1) and Parag. (2) in Article 443 of the former Financial Investment Services and Capital Markets Act Whether “realized profit” and “unrealized profit” are all included in “the profit accrued by a violation” (affirmative) and, in such a case, method of calculating “unrealized profit” Method of determining a “stock price at a point of time when the effect of the release of information is fully reflected in the stock price” | |


