[서울신문] Our’Lime Fund’ customers receive an average of 65% of their losses

Financial Supervisory Service Basic Compensation Ratio 55%… 80% upper limit
Get 10% more than attack investment KB Securities

Customers who have invested in the’Lime Private Equity Fund’ with undecided losses through Woori Bank are expected to receive an average of 65% of their losses.

According to the financial authorities on the 2nd, the Financial Supervisory Service held a dispute settlement committee on the 23rd of last month and decided to apply a basic compensation ratio of 55% to Woori Bank’s Lime Private Equity Fund (Lime Top2 Balance 6M Fund, etc.). A 30% compensation ratio was applied to the breach of the conformity principle and the duty to explain by sales staff at branch offices, and 25% was added in consideration of the responsibility for neglect of investor protection at the headquarters level.

Investors in Woori Bank’s Lime Fund receive lost investments according to the compensation ratio (40-80%) adjusted according to investment experience based on the basic compensation ratio (55%). Woori Bank’s Lime Fund unpaid amount is 2703 billion won (1348 accounts).

An official from the financial authorities said, “After the simulation, the compensation ratio applied to investors in the Woori Bank Lime Fund was an average of 65% of the loss.” Woori Bank’s average compensation ratio is 10 percentage points higher than KB Securities (average 55%), who had previously been judged for dispute settlement.

The average indemnification ratio of banks seems to be higher than that of securities companies in that brokerage customers are more aggressive than banks. This is because there are relatively more cases in banks than securities companies in violating the suitability principle, in which employees must recommend appropriate investment methods to customers.

In the case of IBK, which received the dispute settlement result with Woori Bank, the basic compensation ratio was 50%. IBK’s outstanding repayment amount is 28.6 billion won (20 dispute settlement complaints). Although there was no simulation of IBK’s average compensation ratio, the Financial Supervisory Service predicted that an average of 55 to 60% of compensation would be made.

Reporter Kim Hee-ri [email protected]