The Financial Supervisory Service took a knife out of the recent series of embezzlement accidents in the process of Saving bank project financing (PF) loans.

According to the Financial Supervisory Service on the 8th, the Financial Supervisory Service ordered its own investigation into the embezzlement of PF loans for all savings banks. Recently, an employee in charge of PF loans embezzled about 800 million won at Korea Investment & Savings Bank, the second-largest in the industry, and embezzlement accidents have also occurred at KB Savings Bank (9.4 billion won) and Moa Savings Bank (5.9 billion won). This is rare in high-income financial companies.

The Financial Supervisory Service explained, "We carefully checked internal control through an independent audit organization, not a sales organization, and ordered the report to be completed this month."

 

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