Over 280 Financial Accidents at Major 4 Commercial Banks Totaling Near 550 Billion Won in Past Decade

[Economy 365]

Financial accidents at the four major commercial banks have approached nearly 550 billion won over the past decade.

According to data provided by the Financial Supervisory Service to People Power Party lawmaker Park Seong-hoon, 281 financial accidents occurred across the four major banks from 2017 through July of this year, with the total amount nearing 550 billion won.

Last year saw the highest figures recorded during the surveyed period, with approximately 80 accidents totaling around 231.9 billion won.

By bank, Woori Bank recorded the largest cumulative accident amount at 284.3 billion won, followed by KB Kookmin Bank at 142.2 billion won.

By type of accident, fraud accounted for more than half of the total accident amount, with 149 cases amounting to 303.6 billion won.

Professional negligence (breach of trust) and embezzlement or misappropriation followed.

Even into this year, through July, 30 financial accidents totaling 23.68 billion won have occurred.

*This article was produced using AI audio.

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