Woori Bank reported a 2.4 billion won ($1.8 million) financial incident involving the unauthorized sale of collateralized machinery, marking its second major loss in two months after a larger case at its Indonesian subsidiary.
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Woori Bank Reports 2.4 Billion Won Financial Incident
Woori Bank reported a 2.4 billion won ($1.8 million) financial incident involving the unauthorized sale of collateralized machinery, marking its second major loss in two months after a larger case at its Indonesian subsidiary.
Hana Bank Reports 4.8 Billion Won Fraudulent Loan Incident
Hana Bank has reported a 4.8 billion won ($3.5 million) fraudulent loan incident involving an employee, prompting internal controls and legal action to prevent future occurrences.
Hana Bank Hit by Second Financial Incident This Month - 7.4 Billion Won Improper Loan
Hana Bank faces second financial incident in a month with 7.4 billion won improper loan scandal, highlighting internal control issues and recovery challenges
Shinhan Securities, Hit by 130 Billion Won Financial Incident, to Deduct Performance Bonuses for All Executives in Case of Internal Control Issues
Shinhan Investment Corp. implements strict internal control measures, including executive bonus deductions, following a 130 billion won financial incident, aiming to rebuild trust and organizational health.
Hana Bank Reports 35 Billion Won Financial Incident - '99.5% Recovered Through Collateral Sale'
Hana Bank discloses 35 billion won financial incident due to external fraud, recovers 99.5% through collateral sale and debt acceleration measures
Shinhan Securities Executive with 130 Billion Won Loss Received 1.6 Billion Won Salary - Will Performance Bonuses Be Reclaimed?
Shinhan Securities executive who oversaw department responsible for 130 billion won loss received 1.6 billion won salary, raising questions about potential bonus reclamation amid ongoing investigation.
NH NongHyup Bank Reports 20.5 Billion Won Excess Loan Financial Incident
NH NongHyup Bank discloses 20.5 billion won ($15.4 million) financial incident involving inflated housing appraisals and excessive mortgage lending, detected through internal audit.
IBK strengthens internal controls with major compliance staff expansion following improper loan incident, aiming to prevent future financial misconduct through organizational restructuring and enhanced monitoring.
#YonhapInfomax #IBK #ComplianceStaff #InternalControl #FinancialIncident #BankingRegulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=53507
IBK Expands Compliance Staff to Prevent Financial Incidents
IBK strengthens internal controls with major compliance staff expansion following improper loan incident, aiming to prevent future financial misconduct through organizational restructuring and enhanced monitoring.
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