Ministry of the Interior and Safety to Conduct Joint Audit of Saemaeul Geumgo with Financial Authorities

Focus on Major Loan-Related Violations in Audit
Immediate Response to Workplace Abuse and Other Urgent Issues

The Ministry of the Interior and Safety will conduct a joint audit of Saemaeul Geumgo together with financial authorities. The main focus will be on violations related to loans, and investigations into sexual misconduct and abuse of power will also be carried out.

On the 31st, the Ministry of the Interior and Safety announced that it has finalized the basic direction for the '2025 Saemaeul Geumgo Government Joint Audit' and will begin the audit from April 1st in cooperation with the Korea Deposit Insurance Corporation and the Financial Supervisory Service.

The inspection targets include major loan-related violations such as ▲compliance with loan screening procedures ▲implementation of bond preservation measures ▲adherence to the post-monitoring manual for corporate loans. Among Saemaeul Geumgo institutions with assets exceeding 300 billion KRW, 32 high-risk institutions were selected by comprehensively considering factors such as delinquency rates, corporate loan handling ratios, real estate and construction industry loan ratios, and audit cycles.

Yonhap News

Separately from the 32 audited institutions, Saemaeul Geumgo institutions requiring urgent audits due to ▲occurrences of sexual misconduct and abuse of power in the workplace ▲confirmation of improper loans ▲non-compliance with capital dividend enforcement orders will be immediately addressed through planned inspections.

The joint audit team has been expanded from 20 members in 4 teams last year to 31 members in 6 teams (1 team directly under the Ministry of the Interior and Safety, 3 teams from the Korea Deposit Insurance Corporation, and 2 teams from the Financial Supervisory Service), with the Ministry of the Interior and Safety overseeing the joint audit. In cases of loan-related violations with high intentionality or risk of accidents, disciplinary referrals will be decided through the joint 'Sanction Review Council' of the four institutions to ensure consistency in sanctions.

Han Sung-gi, Director of the Local Finance and Economy Office, stated, "By strengthening the government joint audit, we will proactively manage the soundness of Saemaeul Geumgo," and added, "We will strive to ensure that Saemaeul Geumgo, as a representative financial institution for ordinary citizens, can earn the trust of the public."