Yoon Seok-heon, Financial Supervisory Service Chief, "Strict Action on Lime Illegal Activities"

Yoon Seok-heon, Governor of the Financial Supervisory Service

[Asia Economy Reporter Kim Hyo-jin] Yoon Seok-heon, Governor of the Financial Supervisory Service, stated on the 20th regarding the large-scale redemption suspension and loss incident of Lime Asset Management's private equity fund, "We will take strict action against illegal activities."

Governor Yoon said this during the plenary session of the National Assembly's Political Affairs Committee on the same day, adding, "We will do our best to provide swift relief to the victims."

He said, "We will actively support the establishment and implementation of redemption plans," and "For cases where illegal activities have been substantially confirmed through inspections, we will prioritize dispute mediation."

Governor Yoon also stated, "Although the increase in household debt continues to slow down due to strong real estate measures, risk factors such as the continued low interest rate environment still exist," and added, "We will continue stable and proactive risk management through stable total volume control, establishment of credit screening practices centered on repayment ability, and thorough post-management of loan regulations."

He further explained, "To prevent recurrence of incidents like DLF and Lime, we have strengthened functional supervision of high-risk financial products across various financial sectors. We have expanded and reorganized the Financial Consumer Protection Division under the current Financial Consumer Protection Office into two main divisions: proactive consumer damage prevention and reactive rights protection. Each division is managed by a dedicated deputy governor to establish a responsible management system."

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