Woori Bank Initiates ELS Voluntary Compensation Process "Contacting Subscribers Starting Next Week"

Woori Bank is promoting voluntary adjustments for subscribers of Hong Kong H Index (Hang Seng China Enterprises Index·HSCEI) based equity-linked securities (ELS) by accepting the Financial Supervisory Service's dispute mediation guidelines.

Woori Bank announced on the 22nd that it decided this at a board meeting. The amount of ELS subject to voluntary adjustment is about 41.5 billion KRW, and as the maturity comes due starting in April, the bank plans to promptly calculate the adjustment ratio and pay compensation to customers whose losses have been confirmed. A Woori Bank official explained, "Taking proactive voluntary adjustment like this is to resolve investors' uncertainties before the ELS maturity and to protect investors."

However, regarding the adjustment ratio, the bank said it will follow the dispute mediation guidelines announced by the Financial Supervisory Service on the 11th, but since there are many factors to consider for each subscriber and the final decision will be made through individual consultations, it is difficult to calculate the exact ratio at this stage.

Woori Bank will begin contacting subscribers whose losses have been confirmed as early as next week when the maturity arrives, starting with guidance on the compensation procedures and other voluntary adjustment details, and then proceed with the full adjustment process. For subscribers with confirmed losses, once the adjustment ratio negotiation and consent are completed, compensation payments are expected to be completed within a week.

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