State-run Industrial Bank of Korea (IBK) should reimburse up to 80 percent of losses related to funds structured by Discovery Asset Management, according to a recommendation from the Financial Supervisory Service (FSS).
The National Pension Service (NPS) announced on Friday it will be adjusting the limits on domestic equity allocation — a move set off by the strong backlash by retail investors for the institution's aggressive selloff.
Excess funds held by Korean households and nonprofit agencies more than doubled in 2020 from a year earlier due mainly to an extended slump in private consumption amid the Covid-19 pandemic, the central bank said Thursday.
The great pension fund stock-selling spree, which went on for more than 50 days, has finally ceased, but it is likely that these institutions will soon return to unloading shares again.
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 total amount of investment in start-ups reached a record high last year amid hopes of lucrative returns and policy backup, government data showed Thursday.
Koreans borrowed record amounts, drew down their savings and bought stock and bonds at an unprecedented pace in the third quarter of 2020, according to a Bank of Korea report released Thursday, while the government borrowing ballooned 16-fold.
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
Punishments for brokerages that pushed a Ponzi scheme on unsuspecting investors are to be relatively light, with the FSS targeting mainly retired executives and ordering selective and limited closings and unspecified fines in the Lime scandal.