Financial Supervisory Service to close dispute settlement in the first half of the five major private equity funds

[FETV=이가람 기자] The Financial Supervisory Service announced on the 21st that it plans to close the settlement of disputes over private equity issues such as Lime, Optimus, Heritage, Healthcare, and Discovery within the first half of the year.

According to the Financial Supervisory Service’s’Private Equity Response Status and Future Plans’, the amount of the fund whose redemption was postponed as of the end of December last year was 6,847.9 billion won (6,6482 trillion won for private equity, 1997 billion won for public offering). There were a total of 1787 complaints in disputes in this regard. Of these, five funds, including Lime, Optimus, Heritage, Healthcare, and Discovery, have stopped repurchases of 2.884.5 billion won (42%) and 1370 disputes (77%).

However, for Lime Fund, about 1.1 trillion won of damage relief has been made out of the 1.4 trillion won of the redemption stop. It is a name such as cancellation of contract due to an error (161.1 billion won), compensation for damages by post settlement method (354.8 billion won), partial prepayment of compensation or personal settlement (600 billion won).

For the Optimus Fund (520 billion won), the Dispute Mediation Committee will be held at the beginning of next month. It is expected that the Financial Supervisory Service will recommend the full return of the principal by applying the cancellation of the contract due to error, similar to the Lime Trade Finance Fund. For the remaining Heritage (529.2 billion won), Discovery (2562 billion won), and Healthcare (184.9 billion won), dispute settlement will take place in May. The Financial Supervisory Service is in a position that if the facts are confirmed, it will proceed with the dispute settlement procedure even before the sanctions are finalized. When deciding the level of sanctions, it will take into account the extent to which financial companies have tried to relieve consumer damage.

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