Alphabiz - The Financial Supervisory Service imposed a fine of 500 million won on OK Savings Bank for poor credit information management.

(Photo = Yonhap news)

[Alpha Biz= Reporter Paul Lee] OK Savings Bank was fined 520 million won by the Financial Supervisory Service.

According to the FSS, OK Savings Bank violated its obligation to manage credit information by incorrectly registering overdue information for some 4,000 borrowers who applied for personal rehabilitation for two years from 2020.

If the court makes a suspension, a prohibition order or a decision to start personal rehabilitation procedures, overdue information cannot be registered, but the Financial Supervisory Service pointed out that in the process, there is a lack of an internal control system to prevent misuse and abuse of personal credit information.

Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)