Office Finance Union: "Repeated Private Equity Fund Scandals Are Due to Policy Failures... National Assembly Must Investigate"

[Asia Economy Reporter Park Ji-hwan] Last year, following Lime Asset Management, and recently Optimus Asset Management, a series of large-scale private equity fund redemption suspensions have occurred, and the fundamental cause of these incidents is attributed to government policy failures, prompting calls for the National Assembly to step in and investigate the truth.

The National Office Financial Services Labor Union issued a statement on the 25th, saying, "The Lime incident and the Optimus redemption suspension are the worst policy failures in history," and claimed, "The reckless deregulation by the government has caused the private equity fund redemption suspension crisis, plunging the capital market into chaos."

On this day, the Financial Services Labor Union criticized, "The financial authorities, who have caused organized financial crimes due to the worst policy failures, are not only failing to come up with fundamental countermeasures but are also downplaying the situation and shifting responsibility to the market."

In response, the union sharpened its stance, stating that Eun Sung-soo, the Financial Services Commission chairman responsible for deregulating private equity funds, must immediately apologize to the public, and that the National Assembly, which failed to check and monitor the financial authorities, will not be free from responsibility either.

The union evaluated that the myriad crimes and corruption involving private equity funds began with the DLF (Derivative Linked Fund) incident as a signal flare, followed by the Lime Asset Management redemption suspension and Optimus Asset Management's financial fraud, shocking the entire nation. These series of incidents are the result of reckless private equity fund deregulation policies pursued by the Financial Services Commission over the past five years, and the harsh reality is that we must worry about third and fourth Lime or Optimus incidents.

The union stated, "Chairman Eun Sung-soo is deceiving the public with the notion of fostering venture capital while turning the domestic capital market into a playground for predatory capital," and argued, "The Financial Services Commission must apologize to the public for the current crisis caused by the private equity fund deregulation policy, and the National Assembly, which failed to prevent this crisis, must immediately hold hearings to punish all responsible parties and uncover the truth."

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