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| 한국투자증권 본사. (사진=한국투자증권) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] A court ruled that the government should compensate investors who were damaged by failing to sell shares on time due to computer failures at securities firms, not based on high point-based gains, but based on the average price offered by securities firms.
According to legal circles on the 20th, Judge Hong Eun-ki of the Seoul Central District Court ruled partially in favor of the plaintiff in a damage suit filed by an investor against Korea Investment & Securities, saying, "The plaintiff should pay 16 million won to the defendant."
On August 8, the Korea Investment & Securities Home Trading System (HTS) and the Mobile Trading System (MTS) were disconnected due to unstable power supply.
The disability lasted about 15 hours from 4 p.m. on the 8th to 7:15 a.m. the next day. As a result, investors trading overtime transactions or overseas stocks suffered. Korea Investment & Securities promised to compensate for property damage along with a public apology.
Korea Investment & Securities offered about 15.98 million won in compensation to one of its investors, A. Based on internal standards, the company decided on the compensation amount by calculating the average price by reflecting the actual transaction volume signed during the computer failure period.
Mr. A filed the lawsuit to compensate 52.28 million won, more than the company suggested. He claimed that he lost 52 million won based on NASDAQ 100 and KOSPI 200 futures, which were the highest indexes among computer failures.
The court was responsible for the securities firm's compensation, but judged that the amount initially offered by the company was appropriate.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
