Woori's latest embezzlement case involves an employee who stole over KRW 200 million from the bank.
November 13, 2023Korea's four largest banks have seen a 180-fold increase in fines and penalties imposed by foreign authorities in the past three years.
October 19, 2023The FSS has directed three Chinese banks with branches in Seoul to take corrective measures to rectify disclosure and reporting violations.
July 24, 2023On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.
July 13, 2023KB Kookmin, Shinhan, Hana and Woori, along with six insurers, participated in the first meeting of a new working group set up to prepare for the stress tests.
September 21, 2022The FSS sought to reprimand Sohn Tae-seung, but two courts have now ruled in favour of the Woori Financial Group chairman and CEO.
August 4, 2022The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
June 21, 2022On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.
January 6, 2022The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.
September 21, 2021Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.
August 26, 2021