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FSS criticizes Woori Financial for failing to report improper loans involving ex-chief’s family

By AsiaToday Special Coverage TeamLee Bok-hyun, the head of the Financial Supervisory Service (FSS), has strongly criticized Yim Jong-yong, the chairman of Woori Financial Group for failing to report and disclose information regarding inappropriate loans linked to the family of former Chairman Son Tae-seung. The FSS inspection revealed that Woori Bank was aw..

S. Korea’s economy stuck by political strike
AsiaToday reporters Choi Won-young, Kang Tae-yoon, and Lee Sun-youngThe production line of South Korea’s automotive and shipbuilding industries, the most l..

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