{
  "id": 10629772,
  "title": "SNU business club alumni caught in alleged insider trading scheme",
  "url": "https://urgent.news/2026/09/29/snu-business-club-alumni-caught-in-alleged-insider-trading-scheme-10629772",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T06:52:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20260929/snu-business-club-alumni-caught-in-alleged-insider-trading-scheme"
  },
  "original_language": "en",
  "account": "Financial authorities in South Korea have unveiled a purported insider trading scheme allegedly involving alumni of a business club at Seoul National University (SNU). The illicit endeavor reportedly amassed illicit profits exceeding 20 billion won ($14.7 million). A joint task force comprising the Financial Services Commission, Financial Supervisory Service, and Korea Exchange (KRX) executed searches at over 20 locations, including the suspects' residences and workplaces, to gather evidence. The network is believed to have comprised more than five individuals from the financial sector who had connections to Seoul National University and later worked at various asset management, private equity, and listed companies. According to authorities, the investigation has been ongoing for approximately two years, with the task force expanding its scope by tracing funds, analyzing transactions, and examining the suspects' personal connections. Unlike the suspects, who did not serve as insiders at listed companies, the alleged insider trading scheme allegedly involved individuals who obtained confidential information through unspecified means.",
  "summary": "Financial authorities said Tuesday they had uncovered an alleged insider trading network involving members and alumni of a business club at Seoul National University (SNU) who shared undisclosed mergers and acquisitions (M&A) information and made more than 20 billion won ($14.7 million) in illicit gains. The joint task force of the Financial Services Commission, Financial Supervisory Service and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "SNU business club alumni caught in alleged insider trading scheme",
        "url": "https://urgent.news/2026/09/29/snu-business-club-alumni-caught-in-alleged-insider-trading-scheme",
        "published": "2026-09-29T06:32:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}