Photo : YONHAP News Anchor: The opposition says President Moon Jae-in’s choice for prime minister could have been involved with a controversial hedge fund scandal that resulted in the suspension of one-point-six trillion won worth of redemption last year. At the confirmation hearing of Prime Minister nominee Kim Boo-kyum, lawmakers pressed him to explain why his daughter and son-in-law had a suspicious account with the now-defunct Lime Asset Management.
Kim Bum-soo has more.
Report: In one of the worst Ponzi schemes in the country s history, Korea’s once largest hedge fund Lime Asset collapsed last year, failing to return some one-point-six trillion won to its investors.