SC First Bank Reports 13 Billion Won Financial Incident

Improper Documentation in Credit Transactions

SC First Bank announced on June 24 that a financial incident amounting to 13,031,000,000 won occurred due to the improper collection of documents related to credit transactions. SC First Bank explained that the incident was identified through an internal investigation.

The incident took place over approximately two years and four months, from February 2022 to June of last year, and the expected amount of loss has not yet been determined.

SC First Bank stated, "After conducting our own investigation, we plan to improve the relevant business processes and hold the responsible employees accountable."

Yonhap News Agency