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Photo = Woori Bank |
Woori Bank has decided to accept the Hong Kong H Index Equity Linked Securities (ELS) dispute settlement standard proposed by the Financial Supervisory Service. The first compensation agreement starts next month
Woori Bank will hold a board meeting on the 22nd and accept the Financial Supervisory Service's dispute settlement standard to push for self-adjustment of Hong Kong H Index ELS investors.
Woori Bank's self-adjusted ELS amount is about 41.5 billion won. As the maturity expires in April, the company plans to calculate the adjustment ratio and pay compensation to customers who have been confirmed to have lost money as soon as possible.
However, Woori Bank did not specify the compensation ratio. According to the Financial Supervisory Service's dispute settlement standard, there are many factors for each investor to consider and the final decision will be made after individual consultations.
Woori Bank will contact investors whose losses have been confirmed due as early as next month and begin the adjustment process by guiding them on self-adjustment details, including compensation procedures. Investors whose losses have been confirmed will pay compensation within a week after negotiating and agreeing to the adjustment ratio.
Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)
