Post storm of recruitment corruption… Financial sector in protective state
Kim Dong Wook | east@ | 2017-11-06 10:52:30
The Financial Supervisory Service has begun to hire financial institutions. Initially, as a result of the unstable personnel and hiring practices of the financial authorities leading to private financial companies, it is a sign that the entire financial sector will spread to the whole country.
According to a financial report on November 5, the Yeongdeungpo Police Station in Seoul revealed that it had acquired related materials such as a computer hard disk and seizure of the office of the head of the personnel management (HR) of Yeouido KB branch in Seoul on November 3. The seizure was based on a complaint filed with KB Financial Group Chairman Yoon, Jong-kyu, on charges of obstructing business, in September last year. The union alleged that the company had systematically intervened in the surveys on September`s re-election of Chairman Yoon last September.
KB Financial, on the other hand, explained that "there was no company-level intervention by the union." However, it seems that there is a negative impact on the shareholders` meeting, which is finalized on October 20. The fact that Woori Bank`s Woori Bank has resigned due to the recruitment of KB Kookmin Bank was rescinded on the day after the resignation of KB Kookmin Bank in the first day, and the voice of concern is rising as the whole financial sector becomes the target of the authorities in the financial sector.
Right now, it is likely that the investigation of unfair employment triggered by the Financial Supervisory Service will spread to Woori Bank and other leading commercial banks. Recently, the prosecution has received a survey on the bankruptcy of Woori Bank from the Financial Supervisory Service and assigned it to the Seoul District Prosecutors` Office. As a result, it is expected that full-fledged investigation into Woori Bank will take place in the near future.
Woori Bank actually entered the emergency management system prior to Lee`s resignation and the prosecution`s investigation. Woori Bank decided to hold an emergency board meeting on the 5th day of the holiday and to operate an emergency organization with acting as the acting head of Sohn Tae-seung`s global group. Accordingly, Lee Kwang-koo, who has declared his resignation, will remain in the position of the head of the bank until the next bank is appointed, but it is excluded from the business. Woori Bank also has its own Task Force to prepare for the prosecution investigation.
Other commercial banks are also concerned about measures to be taken including an emergency meeting inside, considering the prosecution investigation will spread. If investigations by prosecutors or law-enforcement authorities reveal suspicions about the involvement of recruits, it is not possible to exclude the possibility that the worst of the bankruptcy like Woori Bank will disappear. In fact, the mother bank has confirmed that it held an emergency officers` meeting on November 3 and discussed countermeasures against the expansion of unemployment. "There is a financial institution that is not concerned about the investigation, but it is not easy for the prosecution to search all 14 commercial banks, the financial authorities have also made haste. The Financial Supervisory Commission (FSC) held a meeting on November 1 and held meetings with seven financial institutions including Deposit Insurance Corporation, Korea Asset Management Corporation, Korea Housing Finance Corporation, Credit Guarantee Fund, Korea Development Bank, Industrial Bank of Korea, The group decided to check the entire recruitment process, including the five-year recruitment process. In addition, by the end of this month, 14 domestic banks will conduct self-inspections of the entire recruitment system, and will also open a recruitment counter. An expert from the banking industry said, "I am concerned about the prosecution`s investigation into the irregularities and the extent to which it will expand. The whole financial sector is very concerned. It should not be exploited for the purpose of replacing it. "
By Kim Dong Wook & Cho Eun Gook east@
[ copyright ⓒ The Digitaltimes ]
According to a financial report on November 5, the Yeongdeungpo Police Station in Seoul revealed that it had acquired related materials such as a computer hard disk and seizure of the office of the head of the personnel management (HR) of Yeouido KB branch in Seoul on November 3. The seizure was based on a complaint filed with KB Financial Group Chairman Yoon, Jong-kyu, on charges of obstructing business, in September last year. The union alleged that the company had systematically intervened in the surveys on September`s re-election of Chairman Yoon last September.
KB Financial, on the other hand, explained that "there was no company-level intervention by the union." However, it seems that there is a negative impact on the shareholders` meeting, which is finalized on October 20. The fact that Woori Bank`s Woori Bank has resigned due to the recruitment of KB Kookmin Bank was rescinded on the day after the resignation of KB Kookmin Bank in the first day, and the voice of concern is rising as the whole financial sector becomes the target of the authorities in the financial sector.
Right now, it is likely that the investigation of unfair employment triggered by the Financial Supervisory Service will spread to Woori Bank and other leading commercial banks. Recently, the prosecution has received a survey on the bankruptcy of Woori Bank from the Financial Supervisory Service and assigned it to the Seoul District Prosecutors` Office. As a result, it is expected that full-fledged investigation into Woori Bank will take place in the near future.
Woori Bank actually entered the emergency management system prior to Lee`s resignation and the prosecution`s investigation. Woori Bank decided to hold an emergency board meeting on the 5th day of the holiday and to operate an emergency organization with acting as the acting head of Sohn Tae-seung`s global group. Accordingly, Lee Kwang-koo, who has declared his resignation, will remain in the position of the head of the bank until the next bank is appointed, but it is excluded from the business. Woori Bank also has its own Task Force to prepare for the prosecution investigation.
Other commercial banks are also concerned about measures to be taken including an emergency meeting inside, considering the prosecution investigation will spread. If investigations by prosecutors or law-enforcement authorities reveal suspicions about the involvement of recruits, it is not possible to exclude the possibility that the worst of the bankruptcy like Woori Bank will disappear. In fact, the mother bank has confirmed that it held an emergency officers` meeting on November 3 and discussed countermeasures against the expansion of unemployment. "There is a financial institution that is not concerned about the investigation, but it is not easy for the prosecution to search all 14 commercial banks, the financial authorities have also made haste. The Financial Supervisory Commission (FSC) held a meeting on November 1 and held meetings with seven financial institutions including Deposit Insurance Corporation, Korea Asset Management Corporation, Korea Housing Finance Corporation, Credit Guarantee Fund, Korea Development Bank, Industrial Bank of Korea, The group decided to check the entire recruitment process, including the five-year recruitment process. In addition, by the end of this month, 14 domestic banks will conduct self-inspections of the entire recruitment system, and will also open a recruitment counter. An expert from the banking industry said, "I am concerned about the prosecution`s investigation into the irregularities and the extent to which it will expand. The whole financial sector is very concerned. It should not be exploited for the purpose of replacing it. "
By Kim Dong Wook & Cho Eun Gook east@