Woori Bank to Prepay 50% Principal to Heritage and Zentu Investors
[Asia Economy Reporter Kim Jin-ho] Woori Bank held a board meeting on the 22nd and finalized a customer compensation plan to provide advance payments to customers who subscribed to The Platform Asia Trade Finance Fund, Germany Heritage Derivative Linked Securities (DLS), and Gentoo Partners DLS products.
The total scale of the advance payment target products is 197.5 billion KRW. Woori Bank will advance 50% of the investment principal after individual agreements with customers.
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A Woori Bank official stated, “As the redemption delay period lengthened, the timing of recovering the investment funds became uncertain and customer damages increased. Therefore, to support customer liquidity and restore trust, we decided to advance a portion of the investment funds.”
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