The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
March 23, 2021The foreign exchange position limit of insurance companies will be increased from 20 percent to 30 percent of the total adjusted capital.
March 17, 2021Woori will compensate investors who lost money from funds managed by Lime Asset Management in line with FSS recommendations.
March 16, 2021The revision bill addresses issues with feeder funds, cross investing between PEFs managed by the same entity, and inappropriate sales activities involving coercive sales tactics.
March 12, 2021Korea Federation of Banks chairman says the punishments imposed against executives whose banks sold Lime funds are seen by many as a way to shift blame.
March 11, 2021Yoon Suk-heun, whose three-year term ends in two months, allegedly promoted certain officials who had been punished for hiring irregularities.
March 10, 2021South Korean insurers recorded a combined loss of KRW 194.4 billion from overseas alternative investments due to the pandemic.
February 26, 2021The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.
February 25, 2021SIFIs will have 3 months after designation to submit recovery plans to regulators. The FSC will have the authority to demand action from a SIFI in line with its recovery plan.
February 21, 2021The regulator said it discovered illegal trading activities by CEO Lee Jin-kuk during an inspection of Hana Financial Investment last year.
February 9, 2021