Total Financial Incidents in the Sector Reach 661.7 Billion Won Over Seven Years

COMPANY / Reporter Kim SangJin / 2024-10-11 05:46:56

Woori Bank Headquarters. (Photo: Woori Bank)

 

[Alpha Biz= Reporter Kim Sangjin] Over the past seven years, the total amount of financial incidents in the domestic financial sector has reached 661.7 billion won. Among these, Woori Bank accounts for more than 142.1 billion won, representing a significantly larger scale of financial accidents. This amount alone constitutes over 20% of the total, surpassing the combined amount of financial incidents from savings banks, non-life insurance companies, life insurance companies, and credit card firms.

According to data submitted by the Financial Supervisory Service to the National Assembly’s Political Affairs Committee member, Kang Min-guk of the People Power Party, a total of 463 financial incidents occurred between 2018 and August 2024, amounting to 661.673 billion won. The annual breakdown of financial incident amounts is as follows:

2018: 93.6 billion won (89 incidents)
2019: 42.439 billion won (60 incidents)
2020: 28.153 billion won (74 incidents)
2021: 72.832 billion won (60 incidents)
2022: 148.815 billion won (60 incidents)
2023: 142.216 billion won (62 incidents)
2024 (up to August): 133.652 billion won (58 incidents)
 

During this period, a total of 103 financial institutions reported incidents, including 19 banks, 26 savings banks, 14 non-life insurance companies, 15 life insurance companies, 21 securities firms, and 8 credit card companies. These figures highlight the seriousness and necessity for addressing financial accidents in the sector.

 

 

Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)

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