The Financial Services Agency determined that it would not accept the SESC’s recommendation to order payment of an administrative monetary penalty for insider trading in Demae-can shares and would not acknowledge the violation. The subject was a former employee of LINE’s South Korean subsidiary who was believed to have been involved in a transaction concerning additional investment in Demae-can.
On the 9th, the Financial Services Agency decided that "the violation cannot be acknowledged" with regard to the SESC’s recommendation concerning insider trading in Demae-can shares. The subject was a former employee of LINE’s South Korean subsidiary who was a South Korean national.
According to the decision, the individual was alleged to have been involved in insider trading concerning LINE’s additional investment in Demae-can, but the Financial Services Agency determined that it was difficult to conclude that the individual had received information that could have affected investment decisions. In January 2025, the SESC recommended that the Financial Services Agency order the former employee to pay an administrative monetary penalty.