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Photo = KB Kookmin Bank |
[Alpha Biz= Paul Lee] The Financial Supervisory Service (FSS) has launched a special inspection of KB Kookmin Bank after a breach of trust worth 4.6 billion KRW was discovered. Additionally, it has decided to extend the inspection of Hana Bank, which had previously reported an improper loan incident worth 7.5 billion KRW, until the end of this week.
According to sources in the financial sector on the 12th, KB Kookmin Bank disclosed on the 9th that a case of embezzlement amounting to 4.613 billion KRW had occurred. Following this report, the FSS initiated a special inspection of the bank.
The FSS has also extended the special inspection of Hana Bank, which started last month, until the end of this week. Hana Bank had disclosed on the 23rd of last month that it had issued improper loans worth 7.4707 billion KRW. It is reported that bank employees received bribes and provided improper loans to borrowers.
Furthermore, on the 2nd of this month, Hana Bank reported three additional financial fraud cases caused by external individuals. Based on these reports, the FSS has determined that further investigation is necessary and has extended the inspection period to cover both the improper loans and the newly reported fraud incidents.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
