The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.
November 18, 2022Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.
February 24, 2022The Tokyo metropolitan government will invest JPY 1 billion in the fund, which will be operated by Looop Inc, as part of efforts to promote the development of renewable energy.
January 16, 2022A private fund manager will be selected to manage 20% of the fund, which will prioritise investment in carbon net zero initiatives and local New Deal sectors.
January 6, 2022In May, the Philippines became the fourth signatory to the ASEAN CIS Framework for cross-border funds after Malaysia, Singapore and Thailand.
August 22, 2021Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime's credit insured funds.
April 22, 2021Listed companies in Bangladesh have unclaimed cash and stock dividends worth about $2.5bn, which will be used to support the capital market.
January 14, 2021The fund is expected to serve as a stepping stone for the establishment of a more vibrant corporate restructuring ecosystem, the FSC said.
October 16, 2020The government will act as a subordinate investor, meaning that it (namely, taxpayers) will absorb up to 10 percent of any possible losses first.
September 7, 2020