Korea's financial regulator on Thursday ordered Daishin Securities to compensate an investor up to 80 percent of losses due to the brokerage's misselling of funds run by now-defunct Lime Asset Management.
President Moon Jae-in told the National Assembly to wrap up the confirmation process for his nominee for prosecutor general, Kim Oh-soo, after opposition lawmakers highlighted examples of ethical lapses in his past.
Prosecutor general nominee Kim Oh-soo came under fire at a confirmation hearing Wednesday for his lack of ethics demonstrated by taking criminal cases concerning large-scale financial fraud as a lawyer just five months after resigning from vice...
Shinhan Bank’s board Wednesday accepted a Financial Supervisory Service (FSS) recommendation for compensation of some Lime Asset Management investors.
Shinhan Bank has been ordered to repay up to 75 percent of investments it sold in Lime Asset Management's Credit Insured funds.
Woori Financial Group Chairman and CEO Son Tae-seung has been sanctioned by the Financial Supervisory Service (FSS) and could be barred from another term as an executive or as a board member of the company.
Shinhan Financial Group reappointed Shinhan Bank CEO Jin Ok-dong as a non-executive director of the group despite opposition from a U.S. proxy advisory firm.
Banks are scrambling to get ready as a law designed to protect interest of financial consumers takes effect Thursday.
The financial regulator is, in principle, banning cross trading of private equity fund. The goal is to prevent trouble at one fund from being transferred to another as it was the case in Lime Asset Management.
Woori Bank said Monday it accepted the decision by a Financial Supervisory Service (FSS) committee that ordered it to pay restitutions for up to 78 percent of some investments made in Lime Asset Management funds.