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Market Chatter: Samsung Securities to Pay KRW1.86 Billion in Damages Over 2018 Fat-Finger Error

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Samsung Securities (KRX:016360) has to pay 1.86 billion won in damages to the National Pension Service, following a ruling from Korea's Supreme Court on a stock issuance mistake in 2018, Yonhap News Agency reported Wednesday.

The NPS filed a damages suit against the securities company after an official made a fat-finger error on April 6, 2018, according to the report.

The official inputted 1,000 shares instead of 1,000 won per share in dividends for employees under a compensation plan, the report said.

Samsung Securities did not immediately respond to' request for comment.

Shares of the securities company rose more than 1% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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