Shinyoung Securities Decides on Voluntary Compensation for Lime Fund Customer Losses
[Asia Economy Reporter Minji Lee] Shin Young Securities announced on the 23rd that it has decided to provide voluntary compensation related to customer losses caused by the sale of Lime Asset Management funds. This is the first time a sales company has voluntarily compensated for losses related to the Lime fund redemption crisis.
The Lime funds sold by Shin Young Securities amount to approximately 89 billion KRW. Of this, 64.9 billion KRW is from individuals, and 24.1 billion KRW is from institutions.
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A representative from Shin Young Securities stated, "We have prepared a self-compensation plan and the company has decided to share a certain percentage of the losses," adding, "Discussions with customers regarding the compensation amount are currently underway," and "It is difficult to disclose specific compensation plans externally."
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