All posts tagged "DLFs"
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254EnforcementFSS Korea to Appeal Ruling in Favour of Woori Chairman
The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.
September 21, 2021 -
202Enforcement
Seoul Court Rules Against FSS in DLF Mis-selling Case
An FSS decision to ban Woori Financial Group Chairman Son Tae-seung from the financial industry for three years is effectively nullified.
August 31, 2021 -
277Enforcement
Korea FSS to Punish Top Woori, Shinhan Executives – Report
Woori Financial Group’s chairman may be suspended from his duties, while the Shinhan Bank’s chief executive may receive a reprimand warning.
February 5, 2021 -
260Capital RegulationKorea Raises Capital Requirements at Private Equity Funds
The minimum required capital will be raised from 100mn to 300mn won. Private equity funds with high leverage will need 500mn won.
February 4, 2021 -
1.0KEnforcementKorea: FSS Confirms ‘Bad Bank’ Plan to Recover Lime Asset Losses
FSS governor Yoon Suk-heun also pledged to establish a sustainable monitoring system, in light of events at Lime Asset Management and last year's derivative product mis-selling at banks.
April 29, 2020 -
850Enforcement
Woori Financial Chief Gets Reappointment Despite FSS Sanctions
A Seoul court has granted an injunction against FSS sanctions that would have prevented chairman Sohn Tae-seung from seeking another term at Woori Financial Group.
March 27, 2020 -
494Enforcement
Woori Financial Chair Seeks Injunction Against FSS Santions
If the injunction is granted, it could clear the path for Woori Financial Group chairman Sohn Tae-sung to lead the group for another three-year term.
March 10, 2020 -
737Enforcement
Korea: Woori, Hana Barred from Selling PE Funds for Six Months
Woori Bank and Hana Bank are additionally being fined 19.71bn and 16.78bn won, respectively, for mis-selling of derivatives-linked funds.
March 4, 2020 -
945EnforcementKorea to Strengthen Regulatory Framework for Hedge Funds
The FSC will cap illiquid investments at 50% for open-ended funds, require them to conduct regular stress tests, raise transparency of complex fund structures, and enhance supervisory monitoring.
February 15, 2020 -
621Enforcement
FSS Reprimands Woori, Hana Chiefs for Derivatives Mis-Selling
The FSS is also recommending a 20-billion-won penalty be imposed on both banks, and for some of their operations to be suspended for six months.
January 31, 2020
