Charges against current and former bank officials involve hiring misconduct, special favours; 87% of hiring irregularities occurred at either KB Kookmin Bank or KEB Hana Bank.
June 18, 2018Guidelines will reintroduce written exams, involve outside experts in screening and interviews, adopt “blind recruitment” to prevent discrimination, and abolish recommendation-based hiring.
June 7, 2018New York State Department of Financial Services to conduct inspections at South Korean bank branches for compliance with AML regulations.
May 23, 2018Korea Federation of Banks has submitted a draft proposal to the FSC which includes written exams for candidates, document screening by external agencies and blind interview processes.
May 18, 2018Election watchdog finds governor Kim Ki-sik in violation of laws for overseas trips sponsored by financial institutions and political donations.
April 19, 2018Prosecutors on Friday raided KRX and Woori Bank, two of the institutions that allegedly paid for Kim Ki-sik’s 2014 an 2015 overseas trips.
April 16, 2018FSS says banks kept list of officials and former officials whose family members should be favoured in recruitment processes.
February 7, 2018