trending Market Intelligence /marketintelligence/en/news-insights/trending/oov_ky6v__jzadzgc2ltjq2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

South Korean regulator to penalize Samsung Securities over dividend error

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


South Korean regulator to penalize Samsung Securities over dividend error

South Korea's Securities and Futures Commission under the Financial Services Commission approved a 144 million won fine on Samsung Securities Co. Ltd. over a dividend mishap in April, which paid share dividends to employees instead of cash dividends, The JoongAng Ilbo reported July 5.

The regulatory review was a follow-up to the Financial Supervisory Service's sanctions recommendation in June.

The FSC will later finalize the fine and institutional and personnel sanctions, including sanctions against CEO Koo Sung-hoon and other top executives.

As of July 4, US$1 was equivalent to 1,116.27 South Korean won.