The Korea Development Bank is facing a financial scandal involving fraud allegations related to corporate financing, amounting to approximately 58.3 billion won.
On August 10, the bank announced that the incident was discovered during a police search and seizure process on July 22.
The total amount involved is 58,347,799,000 won, which does not account for collateral value, meaning the final figure may change. The bank has deployed security services related to the collateral and plans to execute its rights once the reasons for the loss of benefits are confirmed.
A bank official stated, "The loans in question are normal loans with no delinquencies from the client," adding, "The determination of fraud will be made based on the results of the ongoing investigation."
* This article has been translated by AI.
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