All posts tagged "Lime Asset Management"
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716EnforcementSeoul Court Declares Lime Asset Management Bankrupt
Investors 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, 2022 -
481Enforcement
Korea FSS Punishes 3 Brokerages Over Lime Asset Mis-selling
Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.
November 16, 2021 -
273EnforcementS. Korean Financial Firms Push Back Against Executive Accountability
Six industry bodies have filed a joint request asking regulators to grant their boards more autonomy over their internal affairs rather than punishing their executives.
September 16, 2021 -
274EnforcementKorea: Daishin Securities Ordered to Compensate Lime Investors
Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021 -
263EnforcementKorea FSS Imposes Light Punishments on Shinhan Execs
Shinhan Bank's CEO and Shinhan Financial Group's Chairman received lighter punishments than expected over the Lime mis-selling scandal.
April 26, 2021 -
364EnforcementMirae Asset Sues Shinhan Over Lime Fund Losses
Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime's credit insured funds.
April 22, 2021 -
451KoreaNew Rules for Private Equity Funds Take Effect in Korea
The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
March 23, 2021 -
355EnforcementFSS Korea Orders Woori, IBK to Compensate Lime Investors
The 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, 2021 -
321Enforcement
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 -
297Capital 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
