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Lee Seung-gi's father-in-law arrested... Suspected involvement in '200 billion won stock price manipulation'

KIM Soyoun
Input : 
2025-04-29 11:46:37
Lee Seung-gi and Lee Da-in couple. Photo | Star Today DB
Lee Seung-gi and Lee Da-in couple. Photo | Star Today DB

Lee Seung-gi's father-in-law, who is a singer and actor, has been arrested for being involved in stock price manipulation allegations related to the renewable energy company Quantapia.

According to the legal community on the 29th, Chief Judge Park Chan-seok of the Seoul Southern District Court issued an arrest warrant for Mr. A, who is suspected of violating the Capital Markets Act, on the 28th.

The Seoul Southern District Prosecutor's Office reportedly discovered evidence of Mr. A, Lee Seung-gi's father-in-law, being involved while investigating the stock price manipulation case of Quantapia, which was reported by the Securities and Futures Commission.

Quantapia was fined 60 million won by the Securities and Futures Commission last December for falsely accounting for its cost of sales in 2018 and forging documents requested by auditors, and subsequently, trading of its shares was suspended by the Korea Exchange.

Previously, the prosecution indicted nine individuals suspected of manipulating the stock prices of Quantapia and the secondary battery material company Jungang D&M, gaining an illicit profit of around 20 billion won.

Mr. A is also accused of artificially inflating the stock price of a KOSDAQ-listed company where he served as a director and then selling the shares for illicit gains. This case was overturned by the Supreme Court last year with a guilty ruling.

On the morning of the incident, Lee Seung-gi released a statement informing that his father-in-law was indicted by the investigative agency for illegal activities, stating, "The trust between our family has been damaged to a level that is difficult to restore due to this incident, and my wife and I have decided to sever our relationship with my in-laws after much contemplation."

He also apologized, saying, "From now on, I will live with a more correct value system and a sense of responsibility for a healthy society. I sincerely apologize once again for causing concern and disappointment due to personal matters."

Lee Seung-gi married actress Lee Da-in, the second daughter of actress Gyeon Mi-ri, in April 2023. The couple welcomed a daughter in February of last year.

[Kim So-yeon, Star Today reporter]