Government Funds Incur 120 Bil. Won Loss from Wrap Account Mismanagement

SEOUL, Nov. 14 (Korea Bizwire) — A congressional investigation revealed that some of the securities firms took improper profits from government funds entrusted to them. The office of Congressman Kim Yong-nam (New Frontier Party) said this on November 12, based on an analysis of the transaction details of Hyundai Securities for government funds between 2008 and 2013. [...]