The former chairman of Namyang Dairy Products has sold all his shares in the company following much criticized claims that the Bulgaris yoghurt drink protects against Covid-19.
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.
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.
Penalties on bank executives and directors linked to private equity funds are concerning and could limit bank activities, according to Kim Kwang-soo, Chairman of the Korea Federation of Banks.
The FSS announced Thursday that it has spotted illegal or dubious business practices at several private equity firms during the course of planned inspections at those firms, including setting up fraudulent funds and bribery.
In this Debriefing, the Korea JoongAng Daily explains what happened with the funds from Lime and Optimus, the political scandals and reforms underway.
라임 펀드와 옵티머스 펀드 사태가 연일 뉴스를 장식하고 있습니다. 피해액이 무려 2조원에 달하는 초대형 사기 사건으로 5000명이 넘는 투자자가 손해를 입었다고 합니다. 최근에는 정치인과 고위 금융 관료 및 검사들까지 로비 대상으로 이름이 오르내리며 정치적 이슈로 확대되고 있습니다. 대체 사모펀드가 뭐기에 이렇게 많은 피해자들이 엄청난 손실을 보게 되는 걸까요. 공모펀드와 사모펀드는 어떤 차이가 있는 걸까요.
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
KANG KI-HEONAll it took was 15 minutes to make the biggest philanthropist and business tycoon in the United States. On Feb. 25, 1901, Andrew Carnegie, king of steel, sold his company to J.P. Morgan.The sale price was $480...
NH Investment & Securities will provide compensation for up to 70 percent of losses suffered by investors in Optimus funds. The announcement came after six rounds of emergency board meetings held to discuss the issue.