Sunday, May 22, 2005

The Korea Times : Non-Banks Prepare for Class Action Suit

The Korea Times : Non-Banks Prepare for Class Action Suit: "The Financial Supervisory Service (FSS) said Thursday that it will help non-bank financial institutions better prepare for the class action lawsuit system which took effect early this year.

``Unlike commercial banks which appear to be well-prepared, non-bank financial companies still do not understand the system and the ripple effects,'' said Won Woo-jong, FSS' non-banking supervision director." (Full article at link)

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