# South Korea Finalizes 361.96 Billion Won in Bank Fines

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/48920
Published: 2026-11-05T01:03:29.000Z
Updated: 2026-11-05T01:03:29.000Z
Section: Regulation

> The decision also sets 1.778 billion won in administrative penalties for seven banks over Hong Kong H-index ELS sales.

South Korea’s Financial Services Commission (FSC) finalized a decision to impose 361.96 billion won in penalty surcharges and 1.778 billion won in administrative fines on seven banks over consumer-protection violations tied to Hong Kong H-index ELS sales.

The decision concerns violations of the Financial Consumer Protection Act. The banks named are Kookmin, Shinhan, Hana, Nonghyup, SC, Woori and Suhyup Bank.