Tag: Lime Asset Management

Lime Asset Management

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Former Star Mobility chairman Kim Bong-hyun at court in November 2022.

Former Star Mobility chair gets 30 years for embezzlement

Kim Bong-hyun, the former chairman of Star Mobility at the center of a massive financial fraud, was sentenced to 30 years in prison by a Seoul court Thursday for embezzlement.

2023.2.9

A strange judgment by the court

The court must bring to justice Kim Bong-hyun, former chairman of Star Mobility and the key figure behind the fraud related to Lime Asset Management, who cut off his electronic-tracking ankle bracelet.

2022.11.16

Daishin Securities ordered to pay up to 80% of Lime losses

Korea's financial regulator on Thursday ordered Daishin Securities to compensate an investor up to 80 percent of losses due to the brokerage's misselling of funds run by now-defunct Lime Asset Management.

2021.7.29

Shinhan Bank board accepts FSS Lime recommendation

Shinhan Bank’s board Wednesday accepted a Financial Supervisory Service (FSS) recommendation for compensation of some Lime Asset Management investors.

2021.4.21

Woori Financial Group Chairman Son Tae-seung [WOORI FINANCIAL GROUP]

Woori's Son receives 'reprimand warning' from FSS committee

Woori Financial Group Chairman and CEO Son Tae-seung has been sanctioned by the Financial Supervisory Service (FSS) and could be barred from another term as an executive or as a board member of the company.

2021.4.9

Woori accepts FSS measure on Lime fund reimbursement

Woori Bank said Monday it accepted the decision by a Financial Supervisory Service (FSS) committee that ordered it to pay restitutions for up to 78 percent of some investments made in Lime Asset Management funds.

2021.3.15

Lime investors hold a rally in Yeouido, western Seoul, on Oct. 29, 2020, demanding a full return of their investment money. [YONHAP]

Woori and IBK ordered to cover some Lime losses

Woori Bank and the Industrial Bank of Korea (IBK) have been ordered to make restitution for up to 78 percent of some investments made in Lime Asset Management funds.

2021.2.24

Lee Jong-pil, former vice president at Lime Asset Management. [YONHAP]

Former Lime Asset executive gets 15-year sentence

The Seoul Southern District Court sentenced Lee Jong-pil, former vice president of Lime Asset Management, to 15 years in prison on Friday.

2021.1.29

Shame on the FSS (KOR)

The Financial Supervisory Service (FSS) was established in 1999 to protect depositors, investors and other financial customers. To achieve that goal, the FSS was given enormous authority to regulate the financial sector. It...

2020.10.26

Shame on the FSS