FSC expands JTBC bond inspection target to Hyundai Investment & Securities

The Financial Supervisory Service said it expanded the inspection target to Hyundai Investment & Securities in order to clarify suspicions of mis-selling raised in the issuance and sales process of JTBC corporate bonds. It said the move is intended to examine the entire corporate bond distribution process.

The FSC2026-07-08has begun an on-site inspection of Hyundai Investment & Securities. The start date of the inspection includes an on-site visit to the securities firm.

Previously, the FSC began on-site inspections of lead arranger Shinhan Investment & Securities and Kiwoom Securities, which sold ABSTBs to retail investors.2026-07-02It amounts to a rapid expansion of the inspections.

Hanyang Securities has participated as part of the underwriting syndicate for JTBC corporate bonds. Its participation in the syndicate is related to the allocation process for the bonds.

JTBC issued corporate bonds worth 8months last year and 500billion won, and there was undersubscription in the institutional demand forecast at the time. The issuance process and the subsequent sales channels are under investigation.

The FSS is also reviewing the individual sales process for asset-backed short-term bonds (ABSTB). Records of sales to retail investors and the role of the sellers are key points.

The FSS said it is expanding the scope of the inspection and the investigation of the parties involved. The additional inspection targets and timing must be confirmed through future disclosures or announcements by the FSS.

The expansion of the inspection targets is a procedure to confirm the overall process, covering arrangers, distribution sellers, and the underwriting syndicate. Related companies and investors should confirm additional facts through the FSS announcement.