Latest Woori Bank News

Business 19 August 2022

South Korea: New probe uncovers $6.5B worth of digital assets linked to illegal transactions

South Korea's regulatory board is eyeing sanctions against financial institutions linked to illicit forex transactions to safeguard its digital assets market following intense scrutiny among banks.

A hand holding a badge with the South Korean flag in front of some bitcoins. Crypto currency concept

Business 30 July 2022

South Korea: FSS probe into banks finds $3.1B digital assets linked to forex transactions

The Financial Supervisory Service has discovered KRW1.6 trillion ($1.2 billion) of forex transactions at five Woori Bank branches. Another KRW2.5 trillion ($1.9 billion) were carried out at 11 Shinhan Bank branches.

Business 29 July 2022

South Korea: 2 banks face probe over failure to report digital currency trading gains

The remittances sent abroad are worth over KRW2 trillion and were said to have been made by trading the Kimchi premium, exploiting the difference in prices.