S.Korean Regs Eye Discipline For Ex-Woori Chief

18 Aug 2009

South Korea’s Financial Supervisory Service said it is pressing to discipline the former head of Woori Finance Holdings for overseas investments that cost the state-owned bank millions.

South Korea’s Financial Supervisory Service said it is pressing to discipline the former head of Woori Finance Holdings for overseas investments that cost the state-owned bank millions. While president of Woori, Hwang Young-key, the bank invested USD1.58 billion in credit default swaps and other derivatives, with the bank ...

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