02 Apr 2024
Latest: Korean banks agree to redress investors hit by HSCEI-linked autocall losses
Several banks in South Korea have implemented schemes to compensate investors facing losses from yield enhancement products linked to the Chinese market, following warnings from domestic regulators on the lack of suitability checks at the point of sale.
17 Nov 2023
Latest: Luma plugs in annuity solutions provider, Barclays to issue products on VSE exchange
Luma Financial Technologies (Luma) has announced a partnership with RetireOne, a US independent platform for fee-based insurance solutions.
15 Dec 2022
Korea Supreme Court revokes DLF sanctions on Woori Bank chair
Woori Financial Group chairman & CEO Son Tae-seung today has been acquitted of all charges in relation to the DLF mis-selling incident in 2019.
06 Sep 2021
Korean court clears Woori chief over DLF sanction
The bank’s chairman was at the centre of a scandal after an FSS probe in August 2019 found there had been mis-selling of derivative-linked securities (DLS) to retail investors.
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29 Nov 2019
South Korea Market Review, October 2019: market stabilisation in progress
Product issuance increased by less than two percent in October, compared to the previous month, with 1,332 products issued in the retail segment. Sales volumes, at KRW7.17 trillion (US$6.19 billion) were up six percent from September.