Korea Investment Holdings Co., Ltd. (071050) subsidiary Korea Investment & Securities compensated all investors in its Belgium property fund, Yonhap reported Monday. About 2,500 investors received payments covering 40% to 80% of their losses following a Financial Supervisory Service inspection.
The fund invested in long-term lease rights to offices used by Belgian government agencies and lost all invested capital. The brokerage sold approximately ₩58.9 billion of the fund, which was established in September 2016.
KB Kookmin Bank and Woori Bank also sold the fund to investors. The company's market capitalisation was ₩10.6 trillion at Monday's close.
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| Symbol | Last Price |
|---|---|
| 071050Korea Investment Holdings Co., Ltd. | ₩190,900 +1.1% |
| 105560KB Financial Group Inc. | ₩175,900 +2.3% |
| 316140Woori Financial Group Inc. | ₩34,200 +3.0% |