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Hana Bank headquarters (photo = Yonhap news) |
[Alpha Biz= Paul Lee] Seoul, April 24, 2025 — Hana Bank announced that it has uncovered an internal financial fraud incident involving unauthorized lending activities by one of its employees. The total value of the misconduct amounts to approximately KRW 7.47 billion (USD 5.4 million), according to a disclosure filed on April 23.
The employee in question, referred to as “A,” allegedly issued excessive loans between October 12, 2021, and December 26, 2024, based on falsified documents submitted by associated clients. A is also accused of receiving financial kickbacks and engaging in unauthorized private lending.
Hana Bank has taken immediate disciplinary action, placing the employee on administrative leave and initiating criminal proceedings. The bank noted that most of the loans were backed by collateral and stated that recovery efforts through asset liquidation are underway to minimize potential losses.
This is the second financial misconduct case reported by Hana Bank this month. On April 14, the bank disclosed a separate fraud case involving external parties, with damages estimated at KRW 35 billion.
Hana Bank emphasized its commitment to reinforcing internal controls and governance systems to prevent future incidents.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
