Korea Supreme Court revokes DLF sanctions on Woori Bank chair

The ruling comes after the Seoul High Court in July dismissed the appeal by the Financial Supervisory Service (FSS) to impose sanctions on Son (pictured) and another senior executive at Woori Financial Group in relation to the mis-selling of derivative-linked funds (DLFs) . The first trial that took place in August 2021 found in favour of the two bankers. In a response, the FSS and the Financial Services Commission (FSC) accepted the Supreme Court’s ruling and stated that they will introd