A 4 billion won financial incident occurred at Woori Bank. The bank said it plans to proceed with criminal complaints after legal review.

On the 16th, Woori Bank disclosed that a financial incident occurred due to the submission of falsified documents by an outsider.

A view of Woori Bank headquarters in Jung-gu, Seoul. /Courtesy of News1

The loss from the incident amounts to 4.008 billion won, and the incident period was Aug. 19–30, 2024.

A Woori Bank official said, "It is an incident related to a discounted pre-sale scam, and because there is commercial property as collateral, some of the funds may be recoverable."

Woori Bank views this incident as a fraud case perpetrated by an outsider. Accordingly, after further investigation, it plans to consider filing a criminal complaint or accusation.

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