Financial Supervisory Service Receives Over 100 Dispute Resolution Cases on Lime Incomplete Sales

[Asia Economy Reporter Park Jihwan] It has been confirmed that over 100 dispute mediation complaints related to the 'Lime Asset Management' fund, which experienced a large-scale redemption suspension incident last October, have been received.

According to the Financial Supervisory Service (FSS) on the 12th, since the announcement of the Lime Asset Management fund redemption suspension last October until the 10th of this month, a total of about 100 dispute mediation complaints have been filed. The FSS is currently reviewing the contents of the dispute mediation complaints and has requested fact-finding from banks, demanding responses regarding the cases.

Last October, Lime Asset Management announced the postponement of redemption and repayment for three parent funds invested by child funds: 'Thetis No. 2', 'Pluto FI D-1', and the trade finance fund called 'Pluto TF-1'.

As of the end of last year, the balance of Lime Asset Management funds amounted to 500 billion KRW at Woori Bank, 394 billion KRW at Shinhan Bank, 123.5 billion KRW at Hana Bank, and 46.1 billion KRW at NongHyup Bank, totaling 1.0636 trillion KRW. Among these, the balance of funds with postponed redemption is 438.9 billion KRW, accounting for 28% of the estimated total amount of redemption-delayed funds.

The FSS's dispute mediation is expected to enter full procedures after the loss amount of the relevant funds is confirmed following the release of the audit report by Samil Accounting Corporation at the end of this month or early next month.

This content was produced with the assistance of AI translation services.