Business · Companies · 1 hr ago
South Korea’s Supreme Court finalizes 45.32 billion won award to Woori Bank
South Korea’s Supreme Court has finalized a ruling requiring Shinhan Investment Securities and Lime Asset Management to jointly pay Woori Bank about 45.32 billion won.
The case concerns losses Woori Bank said it suffered from selling Lime funds.
The Lime crisis began after allegations that Lime Asset Management improperly handled convertible bonds and other investments to manage returns.
Share prices in the funds fell, and redemptions worth about 1.6 trillion won were suspended.
Woori Bank sued Shinhan and Lime in January 2022, seeking about 64.74 billion won.
Lower courts ordered the two firms to pay about 45.32 billion won, and the Supreme Court made that ruling final on October 8.
Lime Asset Management had not appealed and the ruling against it became final earlier, in March of the previous year.
South Korea’s Supreme Court finalized a ruling requiring Shinhan Investment Corp. and Lime Asset Management to jointly pay Woori Bank more than 45.32 billion won.
The court dismissed an appeal without a full hearing on October 8, leaving the lower courts’ ruling in place.
Woori Bank had sued over losses linked to the sale of Lime funds.
The bank sought about 64.74 billion won in damages.
Lime Asset Management did not appeal, and the ruling against it became final in March 2025.
- Who
- Woori Bank is to receive compensation from Shinhan Investment Corp. and Lime Asset Management.
- What
- The Supreme Court finalized a ruling requiring the two firms to jointly pay more than 45.32 billion won.
- When
- The Supreme Court dismissed the appeal on October 8, 2026; the ruling was reported on October 13.
- Where
- South Korea.
- Why
- Woori Bank sued over losses it said it suffered from selling Lime funds.
Woori Bank
Shinhan Investment Corp. and Lime Asset Management
Liability
Woori Bank
Woori Bank argued that Shinhan played a leading role from the fund’s establishment and was jointly liable with Lime for unlawful conduct.
Shinhan Investment Corp. and Lime Asset Management
The firms’ position is not stated in the article.
Damages
Woori Bank
Woori Bank sought about 64.74 billion won.
Shinhan Investment Corp. and Lime Asset Management
The firms’ position on the amount is not stated in the article.
Lime Asset Management faced allegations of improperly managing returns through transactions involving convertible bonds and other securities, followed by a 1.6 trillion won suspension of fund redemptions.
Woori Bank filed a damages suit against Shinhan Investment Corp. and Lime Asset Management.
A court ruled that Shinhan Investment Corp. and Lime Asset Management must jointly pay Woori Bank more than 45.32 billion won.
The ruling against Lime Asset Management became final after it did not appeal.
The second-instance court upheld the ruling.
The Supreme Court dismissed the appeal without a full hearing, finalizing the ruling.
- Award
- More than 45.32 billion won
- Plaintiff
- Woori Bank
- Defendants
- Shinhan Investment Corp. and Lime Asset Management
- Claim sought
- About 64.74 billion won
- Supreme Court decision
- October 8, 2026
Sources
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