[Woori Bank Embezzlement] Employee Embezzling 50 Billion Won Urgently Arrested... Usage Under Investigation

The Employee Surrendered and Was Arrested at Namdaemun Police Station
Woori Bank to Announce Official Position Soon

Last Year's Bank Financial Accident Amount Was 11.63 Billion Won

[Asia Economy Reporter Sim Nayoung] On the 28th, the police announced that they had urgently arrested an employee suspected of embezzling 50 billion KRW from Woori Bank. The Seoul Namdaemun Police Station arrested the employee on the evening of the 27th at around 10:30 PM after the employee turned himself in, on charges of embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes.

Woori Bank filed a complaint with the police at around 6 PM on the 27th, and the police began an investigation, during which they imposed measures such as a travel ban on the employee. The employee is suspected of embezzling approximately 50 billion KRW of company funds.

A police official stated, "The employee came to the police station voluntarily and surrendered. We are investigating how the embezzled money was used," adding, "After a detailed investigation, we will consider applying for an arrest warrant."

A Woori Bank representative said, "We are currently organizing the facts and measures related to the 50 billion KRW embezzlement suspicion in the inspection room and will soon announce an official position."

Meanwhile, it was revealed that the amount of financial accidents such as financial fraud, breach of trust, and embezzlement that occurred in banks last year reached 11.63 billion KRW.

According to data titled '2021 Financial Accident Status by Industry and Type' received by Yoon Chang-hyun, a member of the People Power Party, from the Financial Supervisory Service, NongHyup Bank recorded the highest amount at 6.76 billion KRW. It was followed by Busan Bank (4.5 billion KRW), Hana Bank (3.61 billion KRW), Kookmin Bank (490 million KRW), Woori Bank (400 million KRW), Shinhan Bank (270 million KRW), and Industrial Bank of Korea (80 million KRW).

By type, embezzlement and misappropriation amounted to 6.76 billion KRW, breach of trust 4.19 billion KRW, and fraud 680 million KRW, in that order.

This content was produced with the assistance of AI translation services.