Financial Consumer Agency Archives

Korean Stock Firms Caught in More Legal Battles over Bad Investment Recommendations

SEOUL, June 12 (Korea Bizwire) – Korean stock firms are engaged in an increasing number of legal battles, and eight out of ten lawsuits are bringing them to the dock. According to the Financial Consumer Agency on June 11, the 58 stock firms serving the Korean stock market were engaged in 444 lawsuits seeking 1.728 [...]

Nut Incident: Former Executive Might Face Prosecution

SEOUL, Dec. 17 (Korea Bizwire) — The famed ‘nut incident’ is not quite done yet, since ex-Korean Air VP Cho Hyun-ah might face prosecution, while the airline itself is the target of boycott movements. The Ministry of Land, Infrastructure and Transport (MOLIT) revealed that it is planning to proceed with charges against Cho, while the [...]