Financial regulator expands probe into bond sales to Hanyang Securities

South Korea's financial watchdog has widened its scrutiny of corporate bond sales, adding Hanyang Securities to an ongoing investigation. The Financial Supervisory Service (FSS) is now examining Hanyang Securities for alleged incomplete sales practices concerning corporate bonds issued by the Central Group.

This move follows earlier investigations launched into Shinhan Investment and Kiwoom Securities. The FSS's expanded probe indicates a broader effort to review the entire process of corporate bond underwriting, signaling increased regulatory attention on the sector.

The investigation specifically targets potential irregularities in how these bonds were sold to investors. The Central Group's bond issuances have come under the FSS's microscope, prompting on-site inspections at the securities firms involved.