Collateralized Machinery and Equipment Arbitrarily Sold by External Party
A financial incident amounting to 2.4 billion KRW occurred at Woori Bank.
On August 22, Woori Bank announced on its website that an external party had arbitrarily sold machinery and equipment that had been pledged as collateral, resulting in a loss of 2,422.8 million KRW. The bank initially disclosed that the incident took place from March 2023 to May this year, but later revised the disclosure to state that the exact date is unknown.
This incident occurred less than two months after a financial incident involving 107.8 billion KRW was uncovered at Woori Saudara Bank, Woori Bank's local subsidiary in Indonesia, in early June.
The company stated, "We have filed a complaint with the investigative authorities against the external party and plan to recover the loss by selling the collateral."
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