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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] Seoul, August 23, 2025 – Woori Bank announced that it has uncovered a financial incident amounting to approximately KRW 2.42 billion (USD 1.8 million), marking the second such case within the past two months.
According to the disclosure, the latest case involved collateralized machinery and equipment that were sold without authorization by an external party. The incident was reported on August 22.
This comes just two months after a much larger financial incident at Woori Bank’s Indonesian subsidiary, Bank Woori Saudara, where irregularities totaling KRW 107.8 billion were detected in early June.
The bank said it is conducting a thorough internal investigation into the circumstances of the case and will strengthen its risk management and oversight systems to prevent similar incidents in the future.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
