Watchdog sharply cuts penalties on 5 banks over mis-selling of HK-tied derivatives
--------------------------------------------------------------------
Source: South Korea
Published: 2026-06-04 14:13 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: South Korea, Economy & Finance, China, Business & Economy, Retail
--------------------------------------------------------------------
Snippet:
SEOUL, June 4 (Yonhap) -- Five banks were slapped with some 600 billion won (US$393 million) in penalties by the financial watchdog Thursday over their mis-selling of equity-linked securities (ELS) products tracking Hong Kong's H Index.
--------------------------------------------------------------------