Photo=Woori Bank

 

[Alpha Biz= Reporter Kim Sangjin] Woori Bank has reported a financial scandal involving a loss of approximately 25 billion won, caused by the submission of false documents by an external party. 

 

The incident occurred on March 14, and the exact amount of the loss is still under investigation. The issue arose from an off-the-record contract between a real estate seller and buyer, which was not reported to the bank, leading to a loan being issued for an amount exceeding the actual sale price. 

 

Woori Bank is conducting its own investigation and plans to file criminal charges against the borrower. 

 

This marks the fourth financial scandal for the bank this year, following a 10 billion won embezzlement case in June and a 16.5 billion won improper loan issue in August.

 

 

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