Woori "Head of Business Planning Embezzles 2.7 Billion KRW, Police Reported"... KOSDAQ Trading Halted

[Asia Economy Reporter Ji Yeon-jin] Kosdaq-listed company Wooriro announced on the 22nd that it has filed a complaint against the current head of the Business Planning Office on charges of embezzlement. The embezzled amount is 2.75 billion KRW, which corresponds to 9.9% of the company's equity capital. The company stated, "We will take measures according to legal procedures regarding all related processes."

The Kosdaq Market Headquarters suspended trading of Wooriro's stock from 7:59 AM on the same day until a decision is made on whether to subject the company to a substantive review of listing eligibility.