Woori Bank’s Lime Fund dispute settlement proposal Principal 4080 compensation outlook

(Photo = Woori Bank)

(Photo = Woori Bank)

Woori Bank held an extraordinary board meeting on the 15th and decided to accept the decision of the Lime Fund Dispute Mediation Committee of the Financial Supervisory Service.

On this day, the board of directors said, “Woori Bank should be the most advanced bank in the field of financial consumer protection. We will actively discuss consumer protection measures at the board level in the future.”

Earlier, the Financial Supervisory Service decided to apply a basic compensation ratio of 55% to Woori Bank’s Lime Private Equity Fund (Lime Top2 Balance 6M Fund, etc.) through the Branch Committee. We added 25% to Woori Bank in consideration of the responsibility for neglect of investor protection at the headquarters level. Accordingly, Woori Bank investors are expected to receive compensation within 40-80% by adjusting for reasons of self-responsibility for investors based on the basic compensation ratio of 55%.

In accordance with this compensation plan, Woori Bank will immediately pay compensation to the customer. In addition, it plans to expand compensation for the remaining subscribers by applying self-regulation.

Lime funds related to the dispute settlement plan are Top 2, Pluto, and Tetis, which have been delayed for redemption, and are worth about 2703 billion won. Woori Bank has a policy to calculate compensation by applying additional and subtractive factors for each investor to the basic compensation ratio according to the decision of the sub-group, and to quickly pay other victims.

An official of Woori Bank said, “Last year’s decision to compensate 100% of the Lime Trade Fund was most preemptively accepted by the board of directors and employees.” “I decided to accept it for this purpose.”

At the group level, we plan to come up with various consumer protection systems. Last year, the internal control committee was established at the board of directors of the landlords, and the financial consumer protection organization was expanded to the landlords and banks.

Eunbit Go, reporter Hankyung.com [email protected]

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