The South Korean Financial Services Commission (FSC) is considering a reduction of the penalties imposed on Woori and Hana banks over the derivative-linked securities (DLS) scandal in a move to indicate its disagreement with the Financial Supervisory Service's (FSS) decision to impose a KRW23 billion (US$18m) and KRW26 billion penalty, respectively, and a six-month suspension on Woori Financial Group and Hana Bank. According to the FSC, the Securities and Futures Commission (SFC) under the supe