Woori Bank Faces Financial Incident Worth 2.5 Billion Won... Outsider Submits False Documents

Woori Bank experienced a financial accident involving tens of billions of won.

According to the financial sector on the 17th, Woori Bank recently disclosed that a financial accident worth 2.5 billion won occurred due to the submission of false documents by an outsider.

The incident occurred on March 14, and the expected loss amount is undecided. A bank official explained, "The real estate seller and buyer made a side agreement without notifying the bank, resulting in a loan amount exceeding the actual sale price."

Woori Bank confirmed the financial accident through an internal investigation after receiving a tip about the side agreement. It is also reported that the bank is preparing for a criminal complaint. This is the fourth financial accident at Woori Bank this year.