KIM Vietnam Fund Management Company Limited (Kim Viet Nam) has just issued a notice clarifying the recent decision to sanction the State Securities Commission of Vietnam (SSC) against Korea Investment Management Co., Ltd, headquartered in Seoul, Korea.
According to KIM Vietnam, some information posted in the media recently has caused misunderstandings, causing a part of investors to worry about the impact of this penalty decision on the operations and funds managed by KIM Viet Nam.
Accordingly, on April 29, 2025, the State Securities Commission issued a decision to fine Korea Investment Management Co., Ltd for violating regulations on disclosure of information when trading ETF funds (FUEKIVFS) in Vietnam.
The parent company in Korea sold 1 million VND in June 2024 and about 2.86 million VND in July 2024 without fulfilling its obligation to disclose information before the transaction. The applied fines include a fine of more than VND 1.14 billion and a suspension of securities trading for 4 months from April 29, 2025.
Speaking to Lao Dong Newspaper reporter, KIM Vietnam representative said: The penalty decision only concerns Korea Investment Management Co., Ltd headquartered in Korea, the parent company of KIM Vietnam, and only affects the securities trading activities of Korea Investment Management Co., Ltd in the Vietnamese market. In Vietnam, KIM Vietnam operates independently of Korea Investment Management Co., Ltd. Therefore, this penalty decision does not affect the operations and investment operations of KIM Vietnam and we continue to operate without interruption.
Kim Viet Nam also said that the violation of Korea Investment Management Co., Ltd did not stem from the purpose of profiteering or concealing information, but due to negligence in the personnel transfer stage. This foreign fund affirmed that all fund management activities are still taking place stably, ensuring full compliance with legal regulations.
