[2023 National Audit] Financial Services Commission Chairman: "Daegu Bank's Illegal Account Incident Will Be Considered in Commercial Bank Conversion Review"

October 11 National Assembly Political Affairs Committee Audit

Financial Services Commission Chairman Kim Ju-hyun holds a press conference on the first anniversary of his inauguration at the Government Seoul Office in Jongno-gu, Seoul, on the 7th. Photo by Yoon Dong-joo doso7@

Kim Juhyun, Chairman of the Financial Services Commission, stated that the recent financial incident involving the creation of over 1,000 illegal customer accounts would be taken into account when reviewing Daegu Bank's transition to a commercial bank.

On the 11th, during the National Assembly's Financial Services Commission audit by the Political Affairs Committee, when Kim Seongju, a member of the Democratic Party of Korea, asked, "Shouldn't the decision on Daegu Bank's transition to a commercial bank consider various misconducts?" Chairman Kim responded, "It can be considered during the review process."

Rep. Kim further questioned the Chairman, saying, "Various deviations have occurred at Daegu Bank. Daegu Bank employees opened over 1,000 illegal accounts. Is there no problem with promoting the transition to a commercial bank?"

In response, Chairman Kim said, "When applying for a commercial bank transition, the law requires reviewing the feasibility of the business plan, soundness, and the suitability of major shareholders," adding, "These aspects will be considered during the review process of Daegu Bank's transition to a commercial bank."

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