Former Financial Supervisory Service Governor Lee Bok-hyun to Represent Bond Investors in Case Involving JTBC

▲ Former Financial Supervisory Service Governor Lee Bok-hyun

Former Financial Supervisory Service (FSS) Governor Lee Bok-hyun is reportedly set to represent bond investors in a case involving affiliates of JoongAng Group, including the general programming channel JTBC, which have filed for corporate rehabilitation procedures (court receivership).

Lee is expected to sign a legal representation agreement with the law firm Changcheon and the JoongAng Group bond investors in the near future.

The investors, claiming losses from their investments in JoongAng Group-affiliated bonds, are currently considering filing for mediation with the FSS Dispute Mediation Committee and pursuing civil and criminal legal action against the lead underwriters.

If Lee takes on the case, it will mark his first legal representation as an attorney since stepping down from his position as the governor of the Financial Supervisory Service.

(Photo: Yonhap News)

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