woori bank suspected of misselling investment product
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Woori Bank suspected of misselling investment product

Egypt Today, egypt today

Egypt Today, egypt today Woori Bank suspected of misselling investment product

Seoul - Yonhap

The financial watchdog said Wednesday it plans to discipline Woori Bank Co. for selling an investment product with omitted information that may have misled investors about potential risks. The product, which Woori Bank sold in 2007, was linked to a 2.4 trillion won (US$2.3 billion) development project to build a large trade center called Pi City in southern Seoul. The lender collected 190 billion won from 1,400 investors, promising a dividend of 8 percent.

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woori bank suspected of misselling investment product woori bank suspected of misselling investment product



 
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