Tag: Woori Bank
Latest: Korean banks agree to redress investors hit by HSCEI-linked autocall losses
International | Industry
02 Apr 2024 by SRP News
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.
Latest: Luma plugs in annuity solutions provider, Barclays to issue products on VSE exchange
International | Industry
17 Nov 2023 by SRP News
Luma Financial Technologies (Luma) has announced a partnership with RetireOne, a US independent platform for fee-based insurance solutions.
Korea Supreme Court revokes DLF sanctions on Woori Bank chair
Asia Pacific | Regulations & Legal
15 Dec 2022 by Summer Wang
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.
Korean court clears Woori chief over DLF sanction
Asia Pacific | Regulations & Legal
06 Sep 2021 by Summer Wang
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.
Misselling: FSC set to lower penalties on Woori, Hana
International | Regulations & Legal
17 Feb 2020 by SRP News
South Korea Market Review, October 2019: market stabilisation in progress
Asia Pacific | Market Reviews
29 Nov 2019 by Lachezara Tsenova
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.
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