The Financial Supervisory Service decided to extend the on-site inspection period for BNK Financial Group and further expand the scope. Through this, it plans to look broadly into governance issues such as improper loans by executives.
According to the financial industry on the 9th, the Financial Supervisory Service extended until the 16th the ad hoc inspection of BNK Financial Group that had been scheduled to be completed that day. The Financial Supervisory Service decided to continue the inspection, saying there are still many key items to review.
The Financial Supervisory Service is currently checking the procedure for appointing the BNK Financial Group chair. BNK Financial Group has faced a fairness controversy after the board single-handedly recommended Chair Bin Dae-in as the sole candidate for the next chair. The application period for other candidates was only five days excluding holidays during the Chuseok break, and the start of the application period was not properly announced externally, prompting criticism that it was a "black-box process."
The Financial Supervisory Service also plans to check whether there are other irregularities stemming from BNK Financial Group's governance issues. In particular, it is said to be looking into whether long-serving BNK Financial Group executives exerted influence to execute improper loans.