South Korea has always done scandals very well and its banking sector is in the middle of an absolute doozy at the moment.
On June 17 prosecutors indicted 38 senior officials at six banks for hiring irregularities. There are 695 separate cases of hiring malpractice alleged, 87% of them by officials at either KB Kookmin or KEB Hana; also very much in the mix are Woori, Busan, Daegu and Kwangju banks.
There are some very senior names on the list, among them KEB Hana president Ham Young-joo and former Woori chief executive Lee Kwang-goo, who quit in the early stages of the furore last November.
Thanks for your interest in Euromoney!
To unlock this article:
