All posts tagged "KEB Hana"
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196KoreaFSC Korea to Enhance Tech Financing Performance Evaluations
The FSC will adjust the evaluation criteria it uses to assess banks' tech financing performance to promote more lending to innovative SMEs.
December 1, 2021 -
759EnforcementWoori to Dismiss 19 Employees Following Unfair Recruitment Probe
The Supreme Court ruled that 27 of Woori's employees were involved in unfair hiring practices, 19 of which still work for the bank.
October 21, 2020 -
636EnforcementKorean Prosecutors Raid KEB Hana Bank over Optimus Fund Mis-selling
Prosecutors are looking to determine whether the bank purchased privately placed bonds under Optimus’ request or instruction.
October 1, 2020 -
693Capital Regulation
FSC Korea Identifies 10 D-SIBs for 2021
Shinhan Financial Group subsidiary Jeju Bank has been removed pursuant to April's temporary easing of regulations to exclude small-sized regional banks from the designation.
June 25, 2020 -
793Enforcement
FSC Korea to Lower Derivatives Mis-selling Fines for Woori, KEB Hana
The FSC will impose lower penalties than what was recommended by the FSS, citing the two banks’ cooperation and their agreements to compensate clients for damages.
February 17, 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 -
878EnforcementNine Korean Banks Face Legal Action for Selling Loss-Making Funds
Investors are reportedly preparing for a suit against banks which sold them loss-making funds from Lime Asset Management without properly disclosing the risks.
January 9, 2020 -
1.0KEnforcement
UPDATED – South Korea Cracks Down on High-Risk Derivatives Sales
Penalties for mis-selling are being toughened to include fines up to 30 million won and punitive fines up to 50 percent of unfair gains. New standards for professional investors also established.
November 14, 2019 -
753EnforcementFSS to Conclude Probe into Derivatives Mis-selling This Week
The FSS will conclude its investigation into KEB Hana and Woori Bank this week. KEB Hana and its CEO are expected to face higher penalties for 'obstructing' the investigation.
October 28, 2019 -
927Enforcement
FSC Korea to Boost Supervisory Capacity to Prevent Mis-selling
The FSC will reportedly increase the number of banking, financial investment and asset management experts it has on staff for inspections of banks, security firms and insurers.
October 21, 2019
