Shinhan Bank Accepts Lime Fund Dispute Mediation Proposal and Resolves Compensation

[Asia Economy Reporter Park Sun-mi] Shinhan Bank held a board meeting on the 21st and resolved to accept the Financial Supervisory Service Dispute Mediation Committee's (hereinafter referred to as the Mediation Committee) settlement proposal regarding the Lime CI Fund.

Shinhan Bank plans to immediately pay compensation to two customers whose compensation ratios have been finalized according to the Mediation Committee's compensation plan, provided they agree, and intends to promptly proceed with compensation procedures for other customers in the same manner.

Last June, Shinhan Bank made an advance payment of 50% of the subscription amount to customers who subscribed to the Lime CI Fund. A Shinhan Bank official stated, "We will do our best to recover the assets of the Lime CI Fund to minimize the damages to customers who trusted and waited for Shinhan Bank."