About 1.7 billion won in a financial incident occurred at Woori Bank's Indonesia subsidiary, Woori Saudara Bank.
Woori Bank disclosed on the 6th that an internal audit at Woori Saudara Bank confirmed that a locally hired employee improperly handled loan documents. The employee has been removed from current duties. The bank said it will seek criminal proceedings on charges of breach of duty under local law.
The bank is said to have appointed a new head of the subsidiary as part of a management overhaul and taken measures to preserve claims and minimize losses.
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