The Financial Dispute Mediation Committee agreed on Monday (13 May) on the compensation ratio for each bank involved in the mis-selling dispute case, with Nonghyup Bank's case being determined to compensate 65% of the damages.
South Korea’s Financial Supervisory Service (FSS) has determined a compensation ratio in the representative cases of investment loss from equity-linked securities (ELS) tracking the Hang Seng China Enterprise Index (HSCEI) sold by five major banks, ranging between 30% and 65%. The representative case at Nonghyup Bank was determined to compensate the highest amount, 65% of the damage In a statement released by the FSS on Tuesday (14 May), the state financial watchdog-formed Financial Di