Warburg Pincus is being investigated by the South Korean authorities over possible illegal trading during the disposal of its stake in LG Card Co.
The Financial Supervisory Service (FSS), the country's financial watchdog, said today that the investigation has been underway for a year, and is due to report before the end of next month.
Warburg Pincus under investigation in Korea
The New York-based global private equity firm has said in a statement that it expects to be cleared of any wrongdoing over the disposal of its stake in LG Card Co.
