A 35 Billion KRW Financial Incident Occurs at Hana Bank... "99.5% Recovery Completed"

Fraud Committed by an External Party
Damage Amounts to 195.38 Million KRW

A financial incident involving 35 billion KRW occurred at Hana Bank.

On the 15th, Hana Bank announced that a fraud incident caused by an external party resulted in a loss of 35 billion KRW, as disclosed the previous day. Of this amount, 99.5% has been recovered.

The incident occurred on April 30 of last year, with an expected loss amount of 195.38 million KRW.

A Hana Bank official stated, "The contract deposit and interim payment transfer certificates submitted by the borrower company to the bank for a balance loan to purchase real estate were found to be false," adding, "Measures such as loss of benefit of time and sale of collateral have been taken, and 99.5% of the amount has been recovered."