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
2024-08-24 (seoulfn.com)
Busan Bank conducts financial fraud prevention campaign in international markets
[Seoul Finance (Busan) Reporter Jo Ha-yeon] BNK Busan Bank announced on the morning of the 23rd that it carried out the 'Janggeum is on and on' campaign with the Financial Supervisory Service's Busan-Ulsan Branch at the Gukje Market. The event was attended by Seo Jeong-bo. In attendance were the Financial Supervisory Service's Busan-Ulsan branch director, Kim Sang-hoon, general manager of financial consumer protection at Busan Bank, and Gukje Market Merchants Association Chairman Lee Sang-woo. Through this campaign, Busan Bank provided financial fraud prevention pamphlets and a voice phishing reporting line to market merchants and citizens visiting the market. Stickers were distributed to raise awareness of financial crimes. In addition, financial security insurance that provides coverage of up to 5 million won if you suffer damage from voice phishing.
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2024-06-25 (indifocus.kr)
BNK Busan Bank holds a business agreement ceremony for telecommunication financial fraud prevention support project for foreigners
On the afternoon of the 16th, BNK Busan Bank (CEO Bang Seong-bin) held a meeting for foreign residents at the Busan Bank headquarters together with the Busan Ulsan Branch of the Financial Supervisory Service and the Busan Foreign Resident Support Center.
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2024-06-14 (yna.co.kr)
Busan Bank, financial fraud prevention training for seniors
(Busan = Yonhap News) On the 14th, BNK Busan Bank held a meeting with the Financial Supervisory Service's Busan-Ulsan support and financial fraud prevention for the elderly at the main auditorium of Busan Saha-gu Office Building 2...
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2024-05-17 (hankooki.com)
BNK Busan Bank conducts financial fraud prevention training for foreigners
[Busan = Daily Korea Reporter Yang Jun-mo] BNK Busan Bank announced on the 17th that it held a business agreement signing ceremony for a financial education support project for foreign residents at its headquarters on the 16th with the Busan Ulsan Branch of the Financial Supervisory Service and the Busan Foreign Resident Support Center. The agreement was prepared as part of Busan Bank's process to realize inclusive finance and to reduce foreign residents' exposure to financial fraud risks. Busan Bank and the Financial Supervisory Service visited the Busan Foreign Resident Support Center to learn about the latest financial fraud damage cases and safe financial transactions. Training on methods will be held on the 19th and 26th. In particular, financial companies where foreign workers and international students can be easily exposed.
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2024-03-27 (asiae.co.kr)
BNK Busan Bank conducts ‘voice phishing prevention street campaign’ - Asia Economy
BNK Busan Bank (CEO Bang Seong-bin) conducted a ‘voice phishing and electronic financial fraud prevention street campaign’ at Hwamyeong Ecological Park on the 23rd. This street campaign is aimed at ▲voice phishing prevention...
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2024-03-02 (indifocus.kr)
≪Indie Focus≫ BNK Busan Bank conducts ‘Voice Phishing Prevention Street Campaign’
BNK Busan Bank (CEO Bang Seong-bin) announced that it conducted a ‘voice phishing and electronic financial fraud prevention street campaign’ at Hwamyeong Ecological Park on Saturday the 23rd. BNK Busan Bank
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2022-08-01 (forkast.news)
Busan Bank employee embezzles US$1.1 mln, invests in Bitcoin: report
An employee on the foreign exchange team of South Korea’s BNK Busan Bank allegedly embezzled 1.48 billion Korean won (US$1.1 million) in customer funds to
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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