If the injunction is granted, it could clear the path for Woori Financial Group chairman Sohn Tae-sung to lead the group for another three-year term.
March 10, 2020The FSC will impose lower penalties than what was recommended by the FSS, citing the two banks’ cooperation and their agreements to compensate clients for damages.
February 17, 2020The FSS will conclude its investigation into KEB Hana and Woori Bank this week. KEB Hana and its CEO are expected to face higher penalties for 'obstructing' the investigation.
October 28, 2019The FSS is outlining compensation guidelines and initiating dispute mediation proceedings for investors who lost money in derivative-linked funds.
September 23, 2019Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.
August 14, 2019The five bank holding companies and their subsidiary banks will be required to set aside additional common equity capital of 1% for 2020.
June 28, 2019The financial holding companies say that a bail-in regime could lead to lower credit ratings and higher bank funding costs, based on an implied reduction in government support during a crisis.
November 28, 2018