[Alpha Biz=(Chicago) Reporter Kim Jisun] The Seoul High Court Administration Department 9-3 (Senior Judge Cho Chan-young, Kim Moo-shin and Kim Seung-joo) on the 29th ruled partially in favor of the plaintiffs, saying they "cancel the reprimand warning against Chairman Ham and the suspension of former President Jang for three months" in a lawsuit filed by Chairman Ham and former Hana Card President Jang Kyung-hoon against the chairman of the Financial Services Commission and the head of the Financial Supervisory Service. It overturned the first trial, which all lost.

While acknowledging only some of the financial authorities' reasons for disciplinary action against Ham and others, such as "DLF incomplete sales" and "unfair property profits," the second trial court said it is necessary to cancel the existing disciplinary action and re-set the level of punishment accordingly. However, it was judged that the six-month suspension of new private equity sales to Hana Bank was as legitimate as the first trial.

Financial authorities imposed some six-month suspension sanctions on Hana Bank, which allegedly sold incomplete DLFs in March 2020, which caused massive principal losses. Chairman Ham, who was the president of the bank at the time, was given a reprimand warning, a severe penalty that limits his second term and employment in the financial sector.

The Financial Services Commission and the Financial Supervisory Service issued a statement after the second trial and said, "We will closely review the contents and finalize our future positions, including whether to appeal or not."

[ⓒ 알파경제. 무단전재-재배포 금지]