Breach of Duty to Explain under the Capital Markets Act

Lime Fund Mis-selling Supreme Court Decision
  1. Lime Fund Mis-selling Supreme Court Decision
  2. Jurisdiction: South Korea (2026-05-20)
  3. Original Case: Bank Recommendation of ‘Lime Fund’ Leads to Loss; Supreme Court: “Insufficient Explanation but Not Deception”
  4. Key Figures: Plaintiff: Group of individual investors; Defendant: Major commercial banks (including Woori Bank and Shinhan Bank) and Lime Asset Management Co., Ltd.
  5. Case Tags: Breach of Duty to Explain under the Capital Markets Act;Mis-selling of High-Risk Financial Products;Private Equity Fund Redemption Suspension Scandal;Supreme Court Investor Protection Precedent