The Busan Bank Co., Ltd.
Location
Busan
Founded
1967-11-29
Website
Risk Signals
263 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Commercial Banks, Not Elsewhere Classified), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about The Busan Bank Co., Ltd.
Live alerts from global media, monitored by Business Radar
![[ESG] Employee of BNK Financial Busan Bank, who received bribes from the owner family of a construction company in Busan for several years... How far will the investigation reach?](https://images.businessradar.com/articles/a400fa33-96d2-4cc9-8265-9cced476fe40)
2024-02-08 (incheonilbo.com)
[ESG] Employee of BNK Financial Busan Bank, who received bribes from the owner family of a construction company in Busan for several years... How far will the investigation reach?
Five employees of the credit-related department, including the manager in charge of real estate project financing (PF) loans for the main branch of Nam-gu, Busan of BNK Financial Group (BNK Financial) Busan Bank, are being investigated by the prosecution. They are accused of receiving tens of millions of won in money and valuables, including department store gift certificates, from the family of the owner of I Construction Company in Busan around holidays for the past three years. BNK Financial, a poor company, suffered a crack in customer trust due to embezzlement and corruption by its employees, and another corruption incident occurred. In 2023, the number of employees in charge of real estate project financing PF at BNK Finance and Gyeongnam Bank will be approximately 300 from 2007 to July 2022.
Read more![[Financial Focus] The reason why Daegu Bank is able to convert to a national bank but not No. 1 Busan Bank](https://images.businessradar.com/articles/85170ad7-d87d-4eff-b55a-1ad25cc79468)
2023-07-06 (chosun.com)
[Financial Focus] The reason why Daegu Bank is able to convert to a national bank but not No. 1 Busan Bank
Financial focus shifts to national banks Why Daegu Bank is working but Busan Bank is not No. 1 Among the six local banks, only Daegu and Jeju meet the requirements Capital of KRW 100 billion and governance requirements must be met Lotte for BNK Financial Group and Samyang for JB Financial Group have 4% voting rights as major shareholders Loss of control if limited to within
Read more![[Market+] Record-high embezzlement from local banks... “It will get better if the executive director’s responsibility is strengthened.”](https://images.businessradar.com/articles/7813da6b-2227-45d5-9ee8-7553de8b2f8a)
(businessplus.kr)
[Market+] Record-high embezzlement from local banks... “It will get better if the executive director’s responsibility is strengthened.”
The number of financial accidents detected at local banks last year nearly doubled compared to the previous year. Inadequate internal control was revealed through large and small accidents ranging from breach of trust and bribery worth less than 1 billion won to historic embezzlement worth hundreds of billions of won. In particular, the need for internal control management is increasing for local banks due to vulnerabilities in their internal control systems resulting from cultural characteristics. Accordingly, attention is focused on whether improvements will be made through the implementation of the amendment to the Financial Company Governance Act in the second half of this year. ◇ Last year, there were 11 financial accidents at six major local banks... According to the other status report of each bank announced to the Korea Federation of Banks on the 18th, 5 cases compared to the previous year, last year, BNK Busan/Gyeongnam Bank, DGB Daegu Bank,
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(ebn.co.kr)
Bedaein has a long way to go, from embezzlement to bribery... will it be okay like this?
Inadequate internal control of Busan and Gyeongnam Banks has emerged. Organizational reorganization and personnel changes have been carried out to prevent financial accidents. “It is important to restore the lost trust of local residents.” Following the embezzlement incident at Gyeongnam Bank, a bribery incident occurred at Busan Bank, and the management ability of the chairman of BNK Financial Group, a poor person, was weakened. There are voices of concern. There is interest in whether 'Bindae In-ho', who has had an eventful first year in office, will be able to resolve internal control issues and lead to a rebound in performance next year.
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(sarangbang.com)
BNK Financial Group reorganizes its organization, reshuffles executives, and establishes an ethical management department.
[Busan = Newsis] BNK Busan Bank Headquarters in Munhyeon-dong, Nam-gu, Busan. [Busan = Newsis] Reporter Ha Kyung-min = BNK Financial Group focuses on internal stability due to continued uncertainty in the financial environment..
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