Yoon Seok-heon, Financial Supervisory Service Chief, "Lime Sanctions to be Pursued Preferably in July"

Yoon Seok-heon, Governor of the Financial Supervisory Service (Photo by Yonhap News)

[Asia Economy Reporter Kim Hyo-jin] Yoon Seok-heon, Governor of the Financial Supervisory Service, stated on the 2nd that sanctions related to the Lime Asset Management incident will be pursued within this month if possible.

Governor Yoon made these remarks to the press before a private breakfast meeting with major commercial bank CEOs at the Korea Federation of Banks in Jung-gu, Seoul, on the morning of the same day. He added, "It is a bit early to confirm the schedule definitively."

The Financial Supervisory Service's Dispute Mediation Committee decided to recommend 100% compensation for the Lime Trade Finance Fund cases sold since November 2018.

Regarding Financial Services Commission Chairman Eun Sung-soo's statement that the full investigation of private equity funds could be conducted over about three years, Governor Yoon commented, "For it to be effective, anything beyond that is meaningless."

On the same day, Governor Yoon urged commercial banks to actively provide financial support to small business owners and self-employed individuals.