Hong Kong ELS Investment Victims' Gathering And Protest In Seoul

Hong Kong ELS Investment Victims' Gathering And Protest In Seoul

Investors are holding a rally in front of the Financial Supervisory Service in the Yeouido district, submitting a petition urging regulatory relief for the victims in Seoul, South Korea, on January 19, 2024. As this year unfolds, losses of just over 100 billion Korean Won in principal have been confirmed within a mere ten days for Hong Kong's HSI (Hang Seng Index) Equity-Linked Securities (ELS), which were sold by banking institutions. In response, consumer complaints related to this issue are surging. (Photo by Chris Jung/NurPhoto)

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  • ILEA002199158
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  • Chris Jung/NurPhoto
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            Investors are gathering in front of the Financial Supervisory Service in Yeouido, Seoul, South Korea, on January 19, to demonstrate and appeal for their grievances regarding the losses in Hong Kong's HSI (Hang Seng Index) Equity-Linked Securities (ELS). They are even resorting to head-shaving as a symbolic act. As the year unfolds, losses of just over 100 billion Korean Won in principal have been confirmed within a mere ten days for the HSI ELS, which were sold by banking institutions, leading to a surge in consumer complaints related to this issue. (Photo by Chris Jung/NurPhoto)
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