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...
NH Investment & Securities has been ordered to reimbursed all principal lost by two investors in Optimus Asset Management funds purchased through the brokerage.
A dispute settlement committee under the Financial Supervisory Service (FSS) announced Tuesday NH Investment & Securities should return to investors all of the invested principals related to problematic Optimus Asset Management funds.
Private equity funds will have to submit sales reports to the financial regulator every three months instead of six, and their total number of investors will be the subject of heightened scrutiny.
KB Securities has been ordered to make restitution for up to 80 percent of some investments made in Lime Asset Management funds.
A longtime confidant of ruling party leader Lee Nak-yon was found dead in an apparent suicide Thursday night in the middle of the prosecution’s investigation over suspicions that the top politician’s legislative election campaign team received...
In this Debriefing, the Korea JoongAng Daily explains what happened with the funds from Lime and Optimus, the political scandals and reforms underway.
Some 83 percent of Optimus Asset Management fund assets are unrecoverable, the Financial Supervisory Service (FSS) announced Wednesday, after it finished an investigation into investments made by the bust private equity fund
Minister of Justice Choo Mi-ae ordered Tuesday an investigation into fraud charges being dropped against a hedge fund, effectively launching an internal probe targeting Prosecutor General Yoon Seok-youl.
President Moon Jae-in on Friday ordered the ministries to investigate their affiliated agencies' decision making that led many of them to make dubious investments in a private equity fund suspected of large-scale fraud.