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About: Korea LIME     Goto   Sponge   NotDistinct   Permalink

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LIME Asset Management Co. is a South Korean investment consulting company that was established on March 30, 2012 and best known for the Korea LIME investment scandal. The company was founded by Jongjoon Won, who was previously a fund manager at Truston Asset Management and Brain Asset Management. In 2015 the company shifted to being operated as a hedge fund management firm. The company quickly developed by a private fund that focused on investment in mezzanine financial products. It was revealed that Vice-President Jongpil Lee of the company embezzled funds from companies where customer assets had been invested. The case was investigated at the Criminal Affairs Department 6 of the Seoul Southern District Prosecutors' Office.