A Shinhan Bank employee embezzled 1.7 billion won through a false loan scheme using forged documents over a span of three years.
Shinhan Bank noted on July 7 through its "financial incident disclosure" that 1.7 billion won was embezzled from December 17, 2021, to July 2, 2024. An employee in charge of corporate loans at a branch in the Gangnam area of Seoul repeatedly took out loans using forged documents in the names of companies engaged in transactions with the bank from December 2021 until July 2024.
Shinhan Bank confirmed this fact during its internal monitoring process and has reported the employee to the police.
The employee is reportedly on the run after applying for resignation. Shinhan Bank stated that it is verifying the exact circumstances.