KYOBO SECURITIES CO. DELAYS WITHDRAWAL OF FUNDS

Highlights –

• Kyobo Securities Co. delayed withdrawals of funds for the next six months
• Kyobo Securities’ fund has placed customers’ money in WBL’s Tandem Credit Facility Fund
• Customers can cash out from collateral but the process is difficult and could cost a lot

According to industry sources on Tuesday, South Korea’s Kyobo Securities Co. ....