All posts tagged "Woori Bank"
-
166EnforcementFSS 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 -
170Enforcement
Korea FSS to Order Banks to Compensate Lime Fund Investors
Woori Bank, Busan Bank and Industrial Bank of Korea have reportedly agreed to pay restitution to investors based on estimated damages.
January 26, 2021 -
1.1KEnforcementKorean Prosecutors Raid Brokerage Firms Over Lime Asset Mis-selling
Investigators from Seoul’s prosecution office raided the headquarters of Shinhan Investment Corp, Korea Investment & Securities, and KB Securities last week.
November 3, 2020 -
677Enforcement
Woori 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 -
461EnforcementSeoul Court Sentences Ex-Shinhan Exec to Eight Years’ Jail
The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.
September 30, 2020 -
1.5KCapital RegulationKorean Regulators Approves K Bank Recapitalisation Plan
K 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 -
1.5KEnforcementFSS Korea Considers Legal Action Against HK Hedge Fund
Large losses on leveraged positions at Hong Kong-based Gen2 Partners earlier this year prompted a liquidity squeeze and a freeze on early redemptions.
July 7, 2020 -
564Enforcement
Korea: Banks, Brokers Agree Plan to Recover Lime Asset Losses
Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.
June 11, 2020 -
951Enforcement
Korea: FSS Confirms ‘Bad Bank’ Plan to Recover Lime Asset Losses
FSS governor Yoon Suk-heun also pledged to establish a sustainable monitoring system, in light of events at Lime Asset Management and last year's derivative product mis-selling at banks.
April 29, 2020 -
630Korea
Korea: Banks, Brokers Propose ‘Bad Bank’ to Recover Lime Asset Losses
19 banks and securities firms will likely comprise the new entity, which will be charged with acquiring and selling the assets of Lime Asset Management’s funds.
April 21, 2020
