Eun Sung-soo: "If possible, we will conduct a full investigation of 14,000 private equity funds"

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] Eun Sung-soo, Chairman of the Financial Services Commission, mentioned on the 23rd that regarding the recent controversy over the incomplete sales of private equity funds, "Even if it takes time, how about conducting an inspection of 14,000 private equity funds?" referring to the possibility of a full-scale investigation.

After the 2020 Next Rise event held at COEX in Seoul, Chairman Eun told reporters, "(Regarding the full-scale investigation of private equity funds) we are in consultation with the Financial Supervisory Service (FSS)," expressing this view.

He said, "We have only investigated the documents submitted by Optimus Asset Management, but there is a need to compare them with the actual assets," adding, "Not only Optimus, but even if it takes time, how about inspecting private equity funds? We are consulting with the FSS for this."

He added, "(Currently, the full-scale investigation of private equity funds) has only covered 52 cases, but if possible, even for 10 years, it would be good for everyone to go through it once," and said, "We will consult with the FSS to see how to target this."

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