WOORI BANK AND HANA BANK FINED $30.8 MILLION

Highlights –

• South Korea’s financial regulator fined Woori Bank and Hana Bank
• Six-month ban on selling private equity fund products
• Banks responsible for failure to protect retail investors from risks

Hana Bank and Woori Bank were fined $30.8 Billion from South Korea’s top financial regulator on Wednesday. This was along with a six-month ban on selling....