[Breaking] Han Young-joo, Chairman of Hana Financial, Wins Appeal in 'DLF Sanction Cancellation' Case

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Ham Young-joo, Chairman of Hana Financial Group, won an appeal in a lawsuit seeking to cancel the heavy sanctions imposed by financial authorities over losses from overseas interest rate-linked derivative-linked funds (DLF).

The Seoul High Court Administrative Division 9-3 (Presiding Judges Cho Chan-young, Kim Mu-shin, Kim Seung-joo) overturned the original ruling that dismissed Ham's lawsuit against the Financial Services Commission and the Financial Supervisory Service Governor seeking cancellation of business suspension and other sanctions, and ruled in favor of the plaintiff on the 29th. Former Hana Card President Jang Kyung-hoon, who was also tried together, won the case as well. However, the six-month partial business suspension imposed on Hana Bank was upheld.

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