Korea Investment & Securities to Pay Additional 10% of Principal to Optimus Investors

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] Korea Investment & Securities has decided to pay an additional 10% of the principal to investors in Optimus Asset Management funds.

According to the financial investment industry on the 7th, Korea Investment & Securities will pay 10% of the principal to customers who subscribed to the Optimus fund but did not receive their principal back.

As a result, investors who invested in the Optimus fund through Korea Investment & Securities will be able to recover their entire principal. Korea Investment & Securities had paid 70% of the principal in July last year and 20% in September. The total size of the Optimus fund sold by Korea Investment & Securities and suspended for redemption is 28.7 billion KRW.

A Korea Investment & Securities official said, "At the time of the advance payment, we decided to pay the difference if the Financial Supervisory Service Dispute Mediation Committee (Dispute Committee) recommends a return rate higher than 90% of the principal, meaning we fulfill our moral responsibility," adding, "The remaining 10% is planned to be paid by April."

Earlier, the Dispute Committee decided on "contract cancellation due to mistake" for two dispute mediation applications related to the Optimus fund sold by NH Investment & Securities and recommended that NH Investment & Securities return 100% of the investment principal. NH Investment & Securities is expected to convene an extraordinary board meeting soon to decide whether to accept the mediation proposal.

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