“KIKO” - CITIBANK KOREA AND KDB WON’T ACCOMMODATE FSS’ DECISION

Highlight –

• KIKO or knock-in – knock out contracts, Citibank Korea and Korea Development Bank rejects FSS’ decision
•  Earlier FSS had advised commercial banks to pay indemnities
• Citibank Korea’s share was to compensate $5,04,324.96
• KDB was recommended to pay $2 Million

Commercial banks, the Korean subsidiary of the New York-based ....