The Financial Supervisory Service’s special investigation team searched the home of a journalist at a local business news outlet and the reporter’s desk in the FSS press room over suspected stock manipulation. Investigators are examining allegations that the head of an entertainment company colluded with four journalists to publish articles promoting the company’s shares and later obtain unlawful profits. The FSS plans to send investigators to the outlet’s headquarters. The case is the only one not yet referred to prosecutors among four investigations involving current and former journalists that the watchdog has pursued since last year. Earlier reporting in the case said about 300 stocks were involved and estimated unjust enrichment at approximately 3 billion won.