NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.
March 4, 2022The FSC has also fined Optimus and ordered board member removals, over "numerous counts of violations and inappropriate fund management activities".
November 26, 2021Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.
August 26, 2021A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021The FSS has estimated that 160bn won of investor funds has vanished and only up to 15% of the remaining 350bn won could be recoverable.
November 12, 2020Optimus Asset Management CEO Kim Jae-hyun misappropriated investor funds to personally invest in stocks, futures and options since 2018.
July 24, 2020Investigators were dispatched to both firms to secure computer drives and documents linked to alleged misselling and fraud at both firms.
February 20, 2020FSS data shows that JP Morgan Chase and Société Générale earned nearly $6.8mn from the high-risk derivatives products sold through KEB Hana and Woori Bank.
October 23, 2019The Korea Securities Depository and nine brokerages are facing penalties for inadequate internal controls over their offshore equities trading
June 11, 2019KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.
April 25, 2019