On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.
January 6, 2022The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.
September 21, 2021Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.
August 26, 2021Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 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, 2021Woori Bank, Busan Bank and Industrial Bank of Korea have reportedly agreed to pay restitution to investors based on estimated damages.
January 26, 2021Investigators from Seoul’s prosecution office raided the headquarters of Shinhan Investment Corp, Korea Investment & Securities, and KB Securities last week.
November 3, 2020The 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, 2020The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.
September 30, 2020K Bank’s recapitalisation plan was halted last April, forcing Korea’s first internet-only bank to stop offering loan products. It is now looking to regain ground lost to Kakao Bank.
July 23, 2020