alleged

Feb. 6 (Asia Today) — President Lee Jae-myung reaffirmed a zero-tolerance stance on stock manipulation Thursday, warning that those who undermine market order face severe consequences, as authorities intensify an investigation into alleged front-running by journalists.

Lee posted the message on X after sharing a report that investigators searched the headquarters of Korea Economic Daily, writing that stock manipulation leads to “total ruin.” His remark was widely interpreted as a warning against unfair trading practices as the government’s joint crackdown gains momentum.

Financial authorities said the joint task force raided the newspaper’s Seoul office Wednesday. Five reporters are suspected of front-running – allegedly obtaining market-moving information in advance, purchasing shares, publishing related articles and then selling the stock after prices rose to secure profits.

Front-running is prohibited under South Korea’s Capital Markets Act and is classified as a fraudulent trading practice when information obtained through reporting or other nonpublic means is used for personal gain. Authorities said they are reviewing seized materials to determine whether criminal charges apply.

Lee’s comments align with his repeated warnings in recent weeks. Last month, after the KOSPI index surpassed the 4,700 level for the first time, he cautioned that stock manipulation would bring irreversible consequences, pledging to foster a “healthy capital market.”

At the time, Lee also shared news that the joint task force would expand from one team to two and urged investors to “invest properly.” The move followed his directive to strengthen enforcement by introducing multiple response teams. The Financial Services Commission, the Financial Supervisory Service and the Korea Exchange later agreed to reorganize and expand their market surveillance units.

In a policy briefing last December, Lee cited distrust in market transparency as a key factor behind the chronic undervaluation of South Korean equities and called for tougher enforcement to ensure that illegal trading is met with decisive punishment. He also ordered an expansion of enforcement personnel after learning that fewer than 40 staff members were handling stock manipulation cases at the time.

Thursday’s message was seen as reinforcing the administration’s principle that market abuses will be dealt with strictly and without exception, regardless of the individuals or institutions involved, signaling heightened scrutiny as stock prices continue to rise.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260206010002371

Feb. 4 (UPI) — Savannah Guthrie, a Today show co-host, and her two siblings said Wednesday night that they are “willing to talk” to the person who may have taken their 84-year-old mother, as authorities search for a suspect.

In a video posted on Instagram, Savannah, reading a prepared statement flanked by her two siblings, Annie and Camron, said they are aware of a ransom letter sent to media outlets, but they need proof that the person has their mother, Nancy.

“We need to know without a doubt that she is alive and that you have her. We want to hear from you, and we are ready to listen,” she said. “Please reach out to us.”

Savannah thanked the public for its support and prayers, describing her mother as “a kind, faithful, loyal and fiercely loving woman of goodness and light” who has “grandchildren who adore her and cover her in kisses.”

She said her mother’s “health, her heart, is fragile” and she lives in “constant pain,” requiring medicine that she now doesn’t have.

Speaking directly to Nancy, Savannah said that people are looking for her and will not rest until “we are together again.”

“We love you, Mom,” she said.

President Donald Trump, in a statement published after the video from the Guthries went public, said on his Truth Social platform that he spoke with Savannah and told her “I am directing ALL Federal Law Enforcement to be at the family’s, and Local Law Enforcement’s, complete disposal IMMEDIATELY.”

“We are deploying all resources to get her mother home safely,” the president said. “The prayers of our Nation are with her and her family.”

Law enforcement officials in Arizona said earlier Wednesday that they have not identified a suspect as they enter the fourth day of the search for Nancy.

In a statement posted to X, Pima County Sheriff Chris Nanos said investigators also haven’t identified any people of interest in the case. Officials believe Nancy was kidnapped from her Tucson-area home in the early hours of Sunday. She was last seen around 9:45 p.m. MST Saturday and was reported missing after she failed to attend church the next day.

“Detectives continue to speak with anyone who may have had contact with Mrs. Guthrie,” Nanos said in the statement.

“Detectives are working closely with the Guthrie family. While we appreciate the public’s concern, the sharing of unverified accusations or false information is irresponsible and does not assist the investigation.”

NBC News reported that the FBI joined about 100 detectives from the Pima County Sheriff’s Office in the search for Nancy. Trump earlier committed to sending additional federal agents to participate in the investigation.

Federal officials were assisting by analyzing cellphone data and cell towers in the area. Investigators said there was a technical problem with the surveillance cameras at Nancy’s home and they were trying to determine if neighbors had any footage of her abduction on their cameras.

Three media outlets reported they received ransom notes asking for millions of dollars in cryptocurrency for Nancy’s safe return. TMZ said the note it received mentioned a specific item damaged at the woman’s home. KOLD-TV in Tucson said it forwarded the email it received to the sheriff’s office and KGUN-TV, also in Tucson, said the note it received threatened to kill Nancy.

The sheriff’s department said it was aware of the alleged ransom notes and that it’s investigating their validity.

Nanos said that while Nancy does have difficulties with mobility — making it unlikely she wandered off by herself — she does not have any mental or memory issues that may explain her disappearance.

Investigators said Nancy has a pacemaker that last connected to her iPhone around 2 a.m. Sunday. The phone was left behind at her home, CNN reported.

Savannah issued a statement thanking supporters.

“Thank you for lifting your prayers with ours for our beloved mom, our dearest Nancy, a woman of deep conviction, a good and faithful servant,” she said. “Raise your prayers with us and believe with us that she will be lifted by them in this very moment.”

Feb. 3 (UPI) — A federal judge denied bail for Anthony Kazmierczak, who is accused of disrupting a town hall by Rep. Ilhan Omar, D-Minn., in Minneapolis on Jan. 27 by spraying her with water and vinegar.

U.S. District Court of Minnesota Magistrate Judge David Schultz on Tuesday denied a motion by Kazmierczak, 55, to be released from custody while his case is active.

He is charged with assaulting and interfering with a member of Congress when he approached Omar, 43, while she stood at a lectern and used a plastic syringe to spray her midsection with what later was determined to be a mixture of apple cider vinegar and water.

He could be sentenced to a year in prison if he is convicted.

Kazmierczak interrupted Omar after she called for Homeland Security Sec. Kristi Noem to resign and accused the congresswoman of “splitting Minnesotans apart.”

Omar’s security staff tackled Kazmierczak and kept him detained until local police arrived to arrest him.

An FBI affidavit indicates that Kazmierczak has a history of making threatening comments toward Omar and years ago allegedly suggested “somebody should kill her.”

He also has been arrested many times during the past 40 years and was convicted in 1989 on a felony charge for vehicle theft.

Omar was born in Somalia and spent part of her childhood in a refugee camp in Kenya before her family migrated to the United States in the 1990s.

The congresswoman is a central figure in allegations of widespread fraud among the Somali community in Minneapolis and other parts of Minnesota.

President Donald Trump has accused Omar of profiting from the fraud and suggested that she have her citizenship status revoked.

He also wants Omar to be jailed and deported for alleged fraud after she recently reported her family has up to $30 million in assets, despite reporting a much lower amount two years ago.

On Tuesday, the president on social media posted a photo of U.S. forces striking ISIS and Somali leaders in a cave in Somalia in February 2025.

He prefaced the photo with the question: “Was Ilhan Omar there to protect her corrupt ‘homeland?'”

Omar also is a prominent opponent of Immigration and Customs Enforcement and Customs and Border Protection efforts to remove “undocumented migrants” from the United States.

Omar became a U.S. citizen in 2000 and is the first Somali-American to be elected to Congress.

Jan. 27 (UPI) — Meta, Snap, TikTok and YouTube will face accusers in a series of lawsuits alleging that they intentionally design their platforms to be addictive.

The trials begin in Los Angeles Superior Court Tuesday, filed by a group of parents, teens and school districts. Once teens are addicted to the platforms, plaintiffs allege, they suffer from depression, self-harm, eating disorders and more. There are about 1,600 plaintiffs involving 350 families and 250 school districts.

“The fact that a social media company is going to have to stand trial before a jury … is unprecedented,” Matthew Bergman, founder of the Social Media Victims Law Center and an attorney in the cases, said in a press conference.

The first case involves a 19-year-old identified as KGM and her mother, Karen Glenn. They are suing TikTok, Meta and YouTube because they say the companies created addictive features that damaged her mental health and led to self-harm and suicidal ideation. Snap was also a defendant in the case, but it settled the case last week.

Her case’s outcome could help determine the outcomes of more than 1,000 injury cases against the companies. The case is expected to last several weeks.

The thousands of cases against these tech giants have been lumped together in a judicial council coordination proceeding, which allows California cases to collaborate and streamline pre-trial hearings.

The plaintiffs want financial damages as well as injunctions that would force the companies to change the design of their platforms and create industry-wide safety standards.

Top company executives are expected to testify, including Meta founder Mark Zuckerberg, Snap CEO Evan Spiegel, Instagram’s Adam Mosseri and more. Experts in online harm are also expected to testify.

“For parents whose children have been exploited, groomed, or died because of big tech platforms, the next six weeks are the first step toward accountability after years of being ignored by these companies,” Sarah Gardner, CEO of the Heat Initiative, which advocates for child safety online, told CNN. “These are the tobacco trials of our generation, and for the first time, families across the country will hear directly from big tech CEOs about how they intentionally designed their products to addict our kids.”

KGM alleges in court documents that on Instagram she was bullied and sextorted, which is when someone threatens to share explicit images of the victim unless they send money or more photos.

For two weeks, KGM’s friends and family had to ask other Instagram users to report the people targeting her before Meta would do something about it, court documents said.

“Defendants’ knowing and deliberate product design, marketing, distribution, programming and operational decision and conduct caused serious emotional and mental harms to K.G.M. and her family,” the suit said. “Those harms include, but are not limited to, dangerous dependency on their products, anxiety, depression, self-harm, and body dysmorphia.”

Tech companies and their CEOs reject the allegation that social media harms teens’ mental health. They argue that it offers a connection with friends and entertainment. They also lean on Section 230, a federal law that protects them from liability over content posted by users.