Korea Joongang Daily
Korea JoongAng Daily

Hong Kong ELS victims may recoup 30 to 65 percent of losses

Investors in Hong Kong-tied derivative products may recoup 30-65% of their losses after committee arbitration.

2024-05-14

NongHyup, SC to set up committee to manage ELS compensation

The bank will set up a committee to oversee the compensation, which will accord with the guideline issued by the country's financial regulator.

2024-03-28

Hana Bank to roll out compensation for Hong Kong-linked ELS losses

Hana Bank's board of directors agreed to initiate compensation for losses incurred through its sales of derivative products linked to a Hong Kong index.

2024-03-27

Woori Bank will follow FSS plan to compensate losses from Hong Kong-tied securities

Woori Bank will compensate losses from the sale of Hong Kong-tied ELS, following guidelines set forth by the Financial Supervisory Service.

2024-03-22

Financial watchdog to begin another probe into Hong Kong-tied ELS

The Korean financial watchdog will launch an additional probe into the sellers of the troubled Hong Kong-tied derivative financial products after they were found to have sold the products without providing sufficient explanation to investors.

2024-02-04

KB, Hana banks suspend ELS sales amid losses linked to Chinese stocks

KB Kookmin and Hana banks suspended the sales of equity-linked securities (ELS), a controversial financial derivative product, while Woori Bank is reviewing the decision amid mounting losses from the ELS linked to Chinese stocks.

2024-01-30

FSS issues warning to firms behind struggling real estate projects

Financial regulators have urged financial companies to sell unprofitable property projects and to increase provisioning to prepare for any risks amid concerns about project finance debt.

2024-01-24

Losses from troubled HK-tied ELS surpass 100 billion won

Confirmed losses for troubled Hong Kong-linked derivative products have totaled more than 100 billion won ($76.1 million) so far this year amid an ongoing probe into their sellers by the financial watchdog.

2024-01-15

Financial watchdog expands probes into sellers of HK-tied ELS

Korea's financial regulators are expanding on-site probes into sellers of troubled Hong Kong-linked derivative products to prevent major losses with the products beginning to mature this month.

2024-01-07

FSS considers compensation plans for Chinese stock losses

Financial regulators are reviewing compensation plans for the alleged victims who invested in derivative products tied to Chinese stocks amid growing concerns for massive financial losses, according to local media reports.

2023-12-04