[2020 National Audit] Jung Young-chae, CEO of NH Securities, "Management Did Not Involve in Optimus Fund Sales"

Jung Young-chae, CEO of NH Investment & Securities, appeared as a witness at the National Assembly's Financial Services Commission audit on the 13th, held at the National Assembly, responding to lawmakers' questions regarding the Financial Supervisory Service. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Park Ji-hwan] Jung Young-chae, CEO of NH Investment & Securities, stated on the 13th, "The headquarters management of NH Investment & Securities is structured so that it cannot interfere with the product sales at branches."

On the same day, Jung appeared as a witness at the National Assembly's Political Affairs Committee audit and responded to the suspicion raised by Lee Young, a member of the People Power Party, asking whether the headquarters pressured branches to sell the Optimus fund.

Regarding the question from the same party's Kang Min-guk, "Did CEO Jung Young-chae make the sole decision to sell the Optimus private equity fund, or was Kim Kwang-soo, chairman of NH Nonghyup Financial Group, also involved?" Jung replied, "Neither I nor Chairman Kim were involved. We do not have the authority to approve such matters."

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