NH Investment & Securities to Provide Up to 70% Advance Support to Optimus Victims

Resolution to Provide Emergency Liquidity Funds in Advance Approved at the Temporary Board Meeting on the 27th

Victims of the Optimus Fund NH Investment & Securities held a protest rally on the 20th of last month in front of the National Agricultural Cooperative Federation in Jung-gu, Seoul, demanding compensation for damages caused by the Optimus Fund. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Kum Bo-ryeong] NH Investment & Securities has decided to provide advance payments ranging from 40% to 70% of the investment amount to victims of the Optimus Fund.

On the morning of the 27th, NH Investment & Securities held an extraordinary board meeting and announced that it had passed a resolution to provide emergency liquidity funds in advance to investors of the Optimus Fund.

For individual investors, those with investments of 300 million KRW or less will receive 70%, those under 1 billion KRW will receive 50%, and those with 1 billion KRW or more will receive 40%. For corporations, the same rates as individual investors apply for investments of 300 million KRW or less and under 1 billion KRW. However, for corporations investing 1 billion KRW or more, considering their relative liquidity conditions, 30% support will be provided.

An NH Investment & Securities official explained, "Including both individuals and corporations, most investors (77%) have invested 300 million KRW or less, so we decided to provide differentiated support considering the distribution ratio of investment amounts, each customer's financial situation, and asset status."

Only investors whose Optimus Fund maturity date has arrived can apply for liquidity funds. Investors who receive funds can still file dispute mediation requests and lawsuits afterward. According to the Financial Supervisory Service, NH Investment & Securities sold 35 Optimus Funds (totaling 432.7 billion KRW). Among these, as of this date, 21 funds have matured.

NH Investment & Securities held an extraordinary board meeting on June 25 regarding the advance liquidity fund plan for the Optimus Fund. Since then, it has held six board meetings in total, including a regular board meeting on the 23rd of last month and four confidential emergency board meetings on the 13th, 19th, and 25th.

An NH Investment & Securities official stated, "The resolution of this agenda was a measure to fulfill moral responsibility as a distributor, aiming to reduce secondary damage to customers caused by liquidity issues and to realize social value. From a long-term management perspective, we decided that maintaining customer trust is necessary to enhance shareholder value."

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