Korea Business News Agency - NSP NEWS AGENCY.

Lee Bok-hyun takes a photo with meeting participants after the meeting with heads of research institutions on February 28. (Photo = FSS)

(Seoul=NSP NEWS AGENCY) = Regarding the Hong Kong H Index Equity Linked Securities (ELS), the head of the Financial Supervisory Service (FSS) said, “We have almost finalized the compensation draft” and added, “Detailed explanation will be given around next weekend.”

On February 28, the head of FSS explained to journalists that “We are taking a final look by gathering opinions from each department about the compensation plan for Hong Kong ELS losses” after having a meeting with heads of research institutions, and added, “We have almost finalized the draft, and detailed explanation will be given to journalists around next weekend or so.”

Then, “It takes time to discuss an issue at the Dispute Mediation Committee according to the Act On The Protection Of Financial Consumers,” explained Lee Bok-hyun, the Head of the FSS, “However, we try to hold a meeting and have an open discussion or disclosure on the issue within next week.”

He also explained if financial institutions take responsibility and provide financial compensation, they may be given mitigated penalties.

By Hyun-jin Kim(kimhj30310@nspna.com) and Soo-in Kang(sink606@nspna.com)

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