TITLE	Supreme Court Decision 2016Da223494 Decided February 27, 2020 ¡¼Damages (Etc.)¡½ [full Text]
Summary
[1] The content of the duty to protect investors borne by an asset management company under the former Indirect Investment Asset Management Business Act and whether this duty applies likewise to the case where a third party practically took the lead in the creation of investment trusts (affirmative) [2] In a case where there exist extraordinary circumstances to conclude that an asset management company under the former Indirect Investment Asset Management Business Act practically took the lead in the creation of investment funds that are not directly created or managed by the said asset management company, whether the said asset management company bears the duty to protect investors by conducting a reasonable investigation of the income structure and risk factors when soliciting investors for the said investment trust product and providing accurate information to investors (affirmative)

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