The latest ruling overturns the first trial’s ruling in March 2022, which dismissed the bank’s then-CEO and other executives’ pledge to clear out the penalty for the DLF fiasco.

The Seoul High Court has ruled partially in favour of Hana Financial Group chairman Young-joo Ham (pictured below) in a lawsuit filed against the financial institution in relation to the disciplinary penalty he received from financial authorities over subsidiary Hana Bank’s misselling of derivative-linked funds (DLFs). [We] respect the ruling of the second trial court and plan to carefully review the ruling and decide on future positions, including whether to file an appeal  The C

Continue reading and get unlimited access for 7 days with a free trial of SRP.

Get a free trial

Already a subscriber? Login