Korean Re controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Korean Re sued KB Securities and JB Asset Management over the JB Australia NDIS Fund
Lawsuit filed
Korean Re filed a damages claim against KB Securities, the fund's seller, and JB Asset Management, its manager, relating to alleged fraud involving the JB Australia NDIS Fund and a local borrower's breach of contract.
Stated objective. To get its money back and avoid a loss from its investment.
Source excerpt
the Seoul-based reinsurance company had claimed damages Dec. 4 against KB Securities, the private equity fund's seller, and JB Asset Management, the fund's manager.
which has been involved with real estate investment fraud in Australia, due to a local borrower's breach of contract there.