Hana Bank CEO given verbal warning over bad investment

Home > Business > Finance

print dictionary print

Hana Bank CEO given verbal warning over bad investment

Kim Jong-jun, CEO of Hana Bank, was belatedly reprimanded by the Financial Supervisory Service for his wrongdoing in 2011 when Kim, then-CEO of Hana Capital, incurred losses at the company because of his participation in increasing capital at Mirae Savings Bank.

The FSS yesterday confirmed that it issued a verbal warning to Kim for investing 14.5 billion won ($13.7 million) in Mirae Savings Bank and causing a loss of about 6 billion won to Hana Capital. The authority found that the CEO committed invested the money on the orders of Kim Seung-yu, former chairman of Hana Financial Group.

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now