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StickCredit Acquires 2.5M Seojin Systems Shares for 129.3B KRW on July 10, Amid Fair Trading Probe Concern

GateNews
Stocks
According to E-Daily, on July 10, 2026, StickCredit, a private equity fund operator, acquired 2.5 million Seojin Systems shares from CEO Jeon Dong-gyou through an off-market transaction for 129.3 billion KRW, or 51,700 KRW per share—a 9.2% premium to that day's closing price. The transaction was completed on the same day Jeon returned to South Korea after an extended stay in Vietnam due to unpaid tax issues that triggered an exit ban. Financial regulators are monitoring whether the trade raises fair trading concerns, given that key information about the CEO's tax dispute and export restrictions was not fully disclosed to the market before the transaction.
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