BNK Kyongnam Bank has been ordered by the Financial Supervisory Service (FSS) to compensate two investors for improperly selling them funds run by now-defunct Lime Asset Management.
The Financial Services Commission (FSC) on Wednesday sanctioned Woori Financial Group Chairman Son Tae-seung for improper sales of funds.
Woori Bank and the Industrial Bank of Korea (IBK) have been ordered to make restitution for up to 78 percent of some investments made in Lime Asset Management funds.
KB Securities has been ordered to make restitution for up to 80 percent of some investments made in Lime Asset Management funds.
Korea JoongAng Daily Sitemap