Former NCSoft Blade & Soul Producer Under Investigation, Alleged Insider Trading

Bae Jae Hyun was the Producer of Blade & Soul, and back in June 2017, NCSoft's stock went down by 11.41%. Hyun held the position of Vice President of NCSoft when he sold 8,000 of his shares in the company, worth about 3 Million USD.

The plunge in stock worth was a direct result of consumer speculation that there would be no auction house in its, then-, Lineage M. As Hyun sold his stock before this announcement, this caught the eye of South Korea's Financial Services Commission. As a result, he is now under investigation for potential insider trading.

NCSoft has come out and said that Hyun sold his stock to "raise money needed to exercise some of his stock options." In South Korea, if Hyun is found guilty of insider trading, there is a maximum of 10 years of jail time, and 5 times the corruption amount, as a fine. This is, of course, if he is found guilty.

We make no speculation on whether or not Hyun is guilty of insider trading.