Woori Bank, Another Financial Incident... "Fraudulent Loan of About 5.5 Billion Won to Outsider"

Woori Bank has once again experienced a financial accident involving approximately 5.559 billion KRW.

According to the financial sector on the 2nd, Woori Bank announced on the 30th that a financial accident amounting to 5.559 billion KRW had occurred. This incident happened shortly after the improper loan accident involving former Chairman Sohn Tae-seung was revealed.

The incident occurred between July 2 and August 1 and was discovered through Woori Bank's internal investigation. It involves fraud by an external party. The bank failed to detect in advance that the external party had submitted false documents.

The collateral value related to this incident is 7.988 billion KRW, and the expected loss amount is yet to be determined. Woori Bank plans to file a lawsuit and criminal charges against the external party involved.

Meanwhile, the Financial Supervisory Service will begin regular inspections of Woori Financial Group and Woori Bank starting from the 7th.