Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Heungkuk Files Goldman Complaint With South Korea Prosecutors

July 5 (Bloomberg) -- Heungkuk Life Insurance Co. and Heungkuk Fire & Marine Insurance Co. filed a complaint against nine Goldman Sachs Group Inc. executives and employees to South Korean prosecutors, accusing them of fraud, according to a Heungkuk Life official.

The insurers filed the complaint to the Seoul Central District Prosecutors’ office on June 28, Lee Yun No, an official at Heungkuk Life, said by phone today, confirming a Korea Economic Daily report. The Korean companies have seen losses from purchasing collateralized debt obligation in 2007 from Goldman Sachs, Lee said, without elaborating.

“The prosecutors’ office has not contacted us on this matter,” Christopher Jun, a spokesman for Goldman Sachs, said by phone in Seoul. A spokesman at the prosecutors’ office declined to comment.

To contact the reporter on this story: Seonjin Cha in Seoul at scha2@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.