SSANGYONG MOTOR CO. FILED FOR COURT RECEIVERSHIP; UNDER OVERDUE DEBTS

Highlights –

• SsangYong Motor Co. filed for court receivership; under overdue debts.
• SsangYong Motor Co. has overdue debts of 100 billion won from financial institutions.
• KDB and other creditors of SsangYong Motor did not approve the r...

WOORI BANK AND HANA BANK FINED $30.8 MILLION

Highlights –

• South Korea’s financial regulator fined Woori Bank and Hana Bank
• Six-month ban on selling private equity fund products
• Banks responsible for failure to protect retail investors from risks

Hana Bank...

WOORI BANK’S NEW CEO PLEDGES TO RESTORE CONFIDENCE AFTER DERIVATIVES SCANDAL

Highlights –

• Woori Bank yet to recover from derivatives scandal
• A new CEO being nominated and appointed simultaneously
• Pledges to keep customers as top priority

With the ongoing scandal of Woori Bank and a new CEO being appointed, Kw...