[Woori Bank Embezzlement] Lee Won-duk, President: "Apologies to Customers and the Public, Full Cooperation in Fact-Finding"
[Asia Economy Reporter Song Seung-seop] Lee Won-duk, CEO of Woori Bank, recently apologized, saying, "I sincerely apologize to our customers and the public" regarding the embezzlement incident involving 60.4 billion KRW.
On the 3rd, before attending a meeting between the Financial Supervisory Service (FSS) and domestic banks held at the Bank Federation Hall in Jung-gu, Seoul, Lee told reporters, "We will make every effort to restore customer trust." Regarding the investigation, he emphasized, "We will fully cooperate to ensure a thorough fact-finding process."
Recently, it was revealed that employee A from the Corporate Improvement Department at Woori Bank embezzled 61.4 billion KRW of company funds over six years starting in 2012, sparking controversy.
When asked about the circumstances of the incident and internal control issues, he declined to answer, stating, "The Financial Supervisory Service is conducting an inspection and the police are investigating." Lee added, "It is not appropriate to respond to unconfirmed facts. I will provide information once the situation is clarified."
Jung Eun-bo, Governor of the Financial Supervisory Service, who has been under scrutiny for failing to properly supervise, also made a statement before entering the meeting room. Governor Jung said, "First, we need to verify the facts," and added, "If there is any responsibility, it must be taken."
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He continued, "Another important aspect is to accurately evaluate how internal controls are being operated," and stated, "We will handle it in that direction."
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