Lee Bok-hyun on SC First Bank's Prepayment Loan Issue: "Under Review... Thorough Investigation Without Omission"

Emergency Inquiry by the National Assembly's Political Affairs Committee

Lee Bok-hyun, the Governor of the Financial Supervisory Service, stated that he will "thoroughly investigate" the allegations that SC First Bank excessively increased the loan limits only for sellers listed on TMON, thereby significantly expanding the scale of advance payment loans.

On the afternoon of the 30th, Governor Lee attended an emergency hearing of the National Assembly's Political Affairs Committee and responded to a question from Kang Myung-gu, a member of the People Power Party, who claimed that SC First Bank aggravated the situation by increasing loan limits for sellers listed on TMON World. He said, "We have grasped the current status to some extent and are reviewing additional details."

He added, "We will thoroughly investigate not only SC First Bank but also all related issues."

SC First Bank has the largest scale of advance payment loans for e-commerce platform sellers. According to data requested by Kang Min-guk of the People Power Party from the Financial Supervisory Service, the total amount is 158.41 billion KRW. Of this, SC First Bank handled 81.57 billion KRW. Among these, loans related to TMON World accounted for 32 cases, totaling 44.74 billion KRW, which is about half of SC First Bank's related loan volume.

It is known that SC First Bank set preferential terms for TMON World partner businesses, allowing loans to businesses with annual sales of up to 130 billion KRW, approximately three times higher than other e-commerce platforms.

Lee Bok-hyun, Governor of the Financial Supervisory Service, is attending an emergency inquiry related to the 'Timon and Wemakeprice settlement and refund delay incident' held at the National Assembly's Political Affairs Committee on the 30th. Photo by Hyunmin Kim kimhyun81@

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