Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Mirae Asset fined W2b for Hanoi tower-related securities sale
By KH디지털2Published : March 8, 2017 - 16:50
Mirae Asset Daewoo Co., a leading brokerage firm in South Korea, was fined 2 billion won ($1.7 million) on Wednesday for skipping the reporting of its securities sale based on the Landmark 72 tower in Hanoi, Vietnam's tallest building.
The Financial Services Commission made the final decision to punish Mirae, saying it failed to submit a report on the sale of asset-backed securities worth 300 billion won last year.
There were 15 special purpose corporations involved and Mirae argued the move was a type of privately offered sale. But the FSC viewed it as a publicly offered issuance involving more than 500 investors, which requires the transaction to be reported to the authorities.
Mirae acquired the Hanoi tower last year with 400 billion won in investment. (Yonhap)
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