 |
Photo = Yonhap news |
[Alpha Biz= Kim Jisun] The Financial Supervisory Service (FSS) has launched an investigation into securities firms involved in the securitization of Homeplus, which has recently entered corporate rehabilitation proceedings.
On Thursday at 4 PM, the FSS announced that it had initiated inspections into ShinYoung Securities, which underwrote Homeplus' commercial papers (CP), as well as Korea Investors Service and NICE Investors Service, which assigned credit ratings to Homeplus. The inspection of ShinYoung Securities is being conducted by the Financial Investment Examination Department 3, while the credit rating agencies are being examined by the Financial Investment Examination Department 1.
The FSS stated, "The purpose of this investigation is to verify various allegations and facts raised in the media regarding Homeplus' rehabilitation filing."
The probe comes amid growing controversy over claims that Homeplus continued issuing marketable securities despite being aware of its impending corporate rehabilitation proceedings.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
