Former branch manager opened a securities account using his mother-in-law’s name and forged signature, and used it to place 193 stock trades.
January 2, 2024The FSS determined that around $223mn was embezzled by a bank employee, more than five times the amount initially reported.
September 22, 2023The internal control analysis team is a response to multiple cases of misconduct by employees at BNK Kyongnam Bank.
August 24, 2023A BNK Kyongnam Bank employee was found to have embezzled $44mn over 15 years by fabricating loan documents and using family accounts.
August 3, 2023The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.
November 18, 2022Initially, bank customers will be able to access services from 10 banks, before the system is expanded to other banks and fintech firms in December.
October 31, 2019Citibank Korea, BNK Kyongnam Bank and KEB Hana Bank are being investigated by FSS over allegedly manipulating loan rates to overcharge retail borrowers.
June 28, 2018