Eight funds worth 100 billion won, which Hana Bank started selling in May 2018, have stopped redeeming.
Fund subscribers are in a situation where they cannot receive interest as well as principal.
However, in the process of halting the redemption, a situation emerged that the bank did not inform the members of the fund even though the bank noticed in advance that the fund was poorly operated and that payment was delayed.
According to a document written inside Hana Bank, this situation is revealed in detail.
It contains the fact that not long after the fund was sold, the subscribers were not informed of the fact that the fund was put in a different place than the original purpose.
Similar problems were encountered in the UK VAT Fund and Renewable Energy Fund, where the redemption was suspended.
Fund subscribers are angry, saying, "It is said that it guarantees stable profits of 5~7% per year, but did not inform about poor management."
16 fund subscribers have filed a complaint against Hana Bank for fraud or other charges.
While the Financial Supervisory Service is conducting an investigation into Hana Bank, which sold the fund, Hana Bank is in a position that "we will come up with specific solutions when the local due diligence in the UK is completed."
(Photo = Yonhap News)