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FSS finds Woori Bank's internal system partly to blame for embezzlement case

The Financial Supervisory Service (FSS) confirmed Tuesday that an employee at Woori Bank embezzled around 70 billion won from the company and the bank did not have the proper internal control system to detect the embezzlement.

2022-07-26

Foreign exchange transactions at Woori, Shinhan banks under investigation by prosecution

The prosecution launched an investigation into suspicious foreign exchange transactions reported by Shinhan and Woori Bank last month, local media reported Monday.

2022-07-25

Seoul High Court upholds ruling in favor of Woori Financial Group

The Seoul High Court upheld the decision to rule in favor of Woori Financial Group Chairman Son Tae-seung in his appeals trial on the improper selling of high-risk derivative-linked funds (DLFs) by Woori Bank.

2022-07-22

Shinhan Bank teller steals 200 million won from a Busan branch

A Shinhan Bank clerk stole 200 million won ($150,000) from a vault at the bank, the company said Monday.

2022-05-16

FSS inspections failed to catch alleged embezzlement at Woori Bank

The Financial Supervisory Service (FSS) failed to catch any suspicious activity though it inspected Woori Bank more than 10 times during a period when one of the bank’s employees allegedly embezzled more than 60 billion won ($47 million).

2022-05-02

Woori employee allegedly embezzled $47 million

An employee of Woori Bank was arrested Thursday for allegedly embezzling more than 60 billion won ($47 million).

2022-04-28

Hana Bank and Woori Bank team up to keep branch open

Woori Bank and Hana Bank opened a joint branch in Suji District, Gyeonggi, on Monday. The arrangement is the first of its kind in Korea. Woori Bank's Shinbong Branch was to close due to the lack of customers ...

2022-04-26

Automated banking

Woori Bank announced Monday it opened an automated bank branch, where customers can have a virtual consultation with bank tellers and access other banking services through automated machines.

2022-03-28

Woori Bank gets nod for office in Budapest

Woori Bank said Tuesday that it opened a regional office in Budapest.

2021-12-07

FSS will appeal ruling absolving Woori's Son

The Financial Supervisory Services (FSS) announced Friday that it will appeal a Seoul Administrative Court ruling absolving Woori Financial Group Chairman Son Tae-seung of selling high-risk funds without properly explaining their risks.

2021-09-17

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