All posts tagged "Woori Bank"
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251EnforcementFSS Korea to Appeal Ruling in Favour of Woori Chairman
The 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, 2021 -
174KoreaKorean FIs Suspend Loans to Curb Rising Household Debt
Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.
August 26, 2021 -
148EnforcementKorea: 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 -
258Enforcement
FSS 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 -
240Enforcement
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 -
1.6KEnforcementKorean 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 -
756Enforcement
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 -
520EnforcementSeoul 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 -
1.6KCapital 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 -
1.8KEnforcementFSS 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
