National Police Agency-KB Kookmin Bank, MOU to Eradicate Phone Financial Fraud

Yoon Hee-geun, Commissioner of the National Police Agency (left), and Lee Jae-geun, President of KB Kookmin Bank / Photo by the National Police Agency

[Asia Economy Reporter Seongpil Cho] On the 13th, the National Police Agency announced that it signed a business agreement with KB Kookmin Bank to eradicate telephone financial fraud at the second conference room of the Seodaemun-gu office in Seoul.

In the agreement, the two organizations decided to share recent crime trends, new and variant methods, and major damage cases to reflect them in each organization's telephone financial fraud prevention measures. Additionally, they agreed to mutually cooperate to ensure prompt police reporting and dispatch for prevention and apprehension when suspicious telephone financial fraud transactions occur at KB Kookmin Bank counters and automated machines.

Yoon Hee-geun, Commissioner of the National Police Agency, stated, "We will actively cooperate with related institutions such as financial institutions until telephone financial fraud is completely eradicated, including prevention, apprehension, and system improvement." Lee Jae-geun, President of KB Kookmin Bank, said, "Taking this agreement as an opportunity, all employees will do their best to eradicate telephone financial fraud and ghost accounts in cooperation with the National Police Agency."

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