Yonhap Infomax NewsSouth Korea’s FSS is holding a second sanctions review on banks over alleged misselling of Hong Kong ELS products, maintaining its stance despite a recent court ruling that favored banks, with potential fines totaling around 2 trillion won ($1.5 billion) at stake.
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Second Round of Sanctions Review on Banks Over ELS Sales Today—FSS Draws Line from Court Ruling
South Korea’s FSS is holding a second sanctions review on banks over alleged misselling of Hong Kong ELS products, maintaining its stance despite a recent court ruling that favored banks, with potential fines totaling around 2 trillion won ($1.5 billion) at stake.