Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS AGENCY) = The Financial Supervisory Service has decided that the compensation ratio for incomplete sales of equity-linked securities(ELS) based on Hong Kong’s Hang Seng China Enterprise Index (H Index) will be 30-65%.

On the 14th, the Financial Dispute Mediation Committee(hereinafter referred to as Dispute Mediation Committee) discussed representative cases among disputes between five banks, including Kookmin Bank, and each transaction customer, in accordance with the Hong Kong H Index ELS Dispute Mediation Standards(draft) announced on March 11. The dispute mediation committee was held and the compensation ratio for each investment loss was decided to be 30-65%.

The dispute mediation committee said, “For five cases, we judged incomplete sales by the bank based on the inspection results(provisional) and civil complaint investigation results.”

“The mediation will be concluded if both parties(applicant and vendor) accept the mediation proposal within 20 days from the date of receipt of the mediation proposal, and the remaining disputes will be handled in a voluntary mediation or other manner in accordance with the ELS Dispute Mediation Standards,” the FSS said.

By Soon-ki Lee(s8789@nspna.com) and Soo-in Kang(sink606@nspna.com)

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