[Infostock Daily= Reporter Lee Kang-wook] The Financial Services Commission held a regular meeting on the 4th and voted on institutional sanctions by Woori Bank and Hana Bank, which are sellers, regarding the DLF incident linked to overseas interest rates.
The Financial Services Commission confirmed the disciplinary punishment that was deliberated and issued on the sanctions that the Financial Supervisory Service inspected at the regular meeting held on the day.
As a result, Woori Bank received 19.71 billion won and Hana Bank received 16.78 billion won in fines. In addition, a heavy disciplinary action against Chairman Son Tae-seung of Woori Financial Group and Vice Chairman Ham Young-joo of Hana Financial Group (KEB Hana Bank President at the time) was also confirmed.
According to the disposition of the disciplinary punishment, Son Tae-seung and Vice Chairman Ham Young-joo can work during their current term, but they are prohibited from employment for three years after their retirement.
Woori Bank and Hana Bank will not be able to sell derivatives-linked funds from September 5 to September 4.
Reporter Lee Kang-wook gaguzi@naver.com
