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NH Investment to provide full compensation for Optimus mis-selling Posted : 2021-05-25 16:52 Updated : 2021-05-25 16:57 NH Investment & Securities CEO Chung Young-chae speaks during a press conference held at the firm s headquarters at the Yeouido financial district in Seoul, Tuesday. Courtesy of NH Investment & Securities By Anna J. Park NH Investment & Securities has decided to fully compensate its customers who lost money due to the brokerage company s mis-selling of troubled funds from Optimus Asset Management. In a press conference, NH Investment & Securities said that it was finally decided at the company s board meeting earlier in the day to return 100 percent of the original principal paid by the victims, in order both to respect the order of the Financial Supervisory Services (FSS) and to implement customer protection to the fullest. ....
NH Investment likely to be top beneficiary from SK Bioscience IPO Posted : 2021-02-18 16:01 Updated : 2021-02-18 17:05 NH Investment & Securities CEO Chung Young-chae, left, and NongHyup Financial Group CEo Son Byung-hwan / Courtesy of NongHyup Financial Group NH Investment expected to earn 5.5 billion won for IPO underwriter fee By Anna J. Park With vaccine manufacturer SK Bioscience s initial public offering (IPO) scheduled for next month, NH Investment & Securities is set to become the largest beneficiary of the public offering fee. Given that the contract manufacturing organization (CMO) firm s expected share price band for the IPO ranges from 49,000 won ($44.3) to 65,000 won and a total of 22.95 million shares will be offered during the IPO, it is estimated that the SK affiliate could raise 1.49 trillion won ($1.35 billion) through the IPO, said analysts. ....