Daishin Securities Decides to Accept Up to 80% Compensation Plan for Lime Fund

Board Meeting Held on the 9th to Accept Financial Supervisory Service's Recommended Dispute Resolution Plan
Highest Level Compensation with Incomplete Sales Compensation Ratio to Restore Trust and Minimize Damage

[Asia Economy Reporter Song Hwajeong] Daishin Securities has decided to accept the Lime Fund dispute settlement proposal.

Daishin Securities announced on the morning of the 9th that it held a board meeting and decided to accept the Lime Fund dispute settlement proposal recommended by the Financial Supervisory Service's Financial Dispute Mediation Committee (hereinafter referred to as the Mediation Committee), which advised compensation of up to 80%.

The maximum compensation rate of up to 80% recommended by the Mediation Committee is the highest level of compensation ratio for the incomplete sales of the Lime Fund so far. Despite the high compensation rate, the company explained that it made the bold decision to accept the proposal in order to quickly restore trust and minimize customer damage.

Following Daishin Securities' decision to accept the settlement proposal, customers who applied for dispute mediation will receive compensation if they accept the Mediation Committee's proposal. Additionally, other customers who invested in the Lime Fund will also proceed with swift compensation through voluntary mediation.

Last month, the Financial Supervisory Service's Mediation Committee recommended that Daishin Securities, which sold the Lime Fund with suspended redemption, compensate one investor for 80% of the loss. For the remaining customers who invested in the fund, it recommended voluntary mediation with compensation rates ranging from 40% to 80% for individuals and 30% to 80% for corporations, with the final compensation rate calculated by adjusting for each investor.

Oh Ikgeun, CEO of Daishin Securities, said, "We deeply regret the significant losses suffered by customers who invested in the Lime Fund through Daishin Securities," and added, "We will do our best to prevent recurrence and protect financial consumers." CEO Oh also stated, "We hope that accepting this settlement proposal will serve as an opportunity not only to protect the rights and interests of financial consumers but also to restore trust in the financial industry."

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