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.
Filter risk signals by topic
Select a theme below to explore the company’s news mentions in specific risk areas.
Recent Articles about The Busan Bank Co., Ltd.
Live alerts from global media, monitored by Business Radar
2024-07-17 (womaneconomy.co.kr)
“Introduction of loyalty duty for controlling shareholders” proposed by senior commercial law scholar Hong Bok-ki
As it is pointed out that the amendment to the Commercial Act, which expands the scope of directors' duty of loyalty to 'shareholders' other than the 'company', may deepen Korea's discount, the corporate law must be reformed in a way to strengthen the controlling shareholder's duty of loyalty to the company. According to the legal community on the 16th, Hong Bok-ki, professor emeritus at Yonsei University Law School, recently gave a keynote presentation at the 2024 Korean Economic Law Society Summer Academic Event sponsored by the Korea Employers Federation and the Korea Listed Companies Association at the Busan Bank Training Center and said, "Introduction of loyalty duty for controlling shareholders. “It is time to review,” he emphasized. Controlling shareholders usually hold a relatively high percentage of shares and make majority resolution.
Read more
2024-05-12 (asiae.co.kr)
Busan City conducts ‘comprehensive crackdown on illegal distribution’ of local love gift certificate Dongbaekjeon
Busan City, together with Dongbaekjeon operating agency Busan Bank cooperation (consortium), will crack down on illegal distribution of Dongbaekjeon gift certificates for the Busan region for three weeks from the 13th to May 31. This crackdown...
Read more![[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
2023-12-04 (nocutnews.co.kr)
Prosecutors conduct search and seizure of Busan Bank headquarters due to suspicions of employee misconduct
Prosecutors conducted a search and seizure of the Busan Bank headquarters. The Busan District Prosecutors' Office's Eastern Branch conducted a search and seizure at the Compliance Monitoring Department on the 6th floor of Busan Bank's headquarters in Munhyeon-dong, Nam-gu, Busan, at 10 a.m. on the 4th. While conducting a company-related investigation, the prosecution...
Read more
2018-06-17 (koreatimes.co.kr)
38 bank officials indicted for hiring irregularities
Prosecutors indicted 38 senior-level officials at six banks for engaging in hiring irregularities. The Supreme Prosecutors' Office said officials from Kookmin, KEB Hana, Woori, Busan, Daegu and Kwangju banks were charged with obstruction of business.
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,
Read more