The Financial Supervisory Service has decided to resume the comprehensive inspection of Woori Financial Group, which had been temporarily suspended, in the middle of next month. This is the first time since Woori Financial Group was launched in 2019. However, the plan is to use it as a starting point for prosecutors based on ‘laws and principles’ rather than unreasonable sanctions.
The Financial Supervisory Service announced on the 15th that “the comprehensive inspection of Woori Finance will be conducted in mid-December according to the originally established annual plan.” It has been about a month since the temporary suspension of the test, which was originally notified to be in the middle of this month. At that time, the FSS had withheld the comprehensive inspection of Woori Financial Group for reasons such as reorganization of the inspection system. The FSS explained that “there were difficulties in organizing the inspection team due to the spread of COVID-19.
Dan Eun-bo, director of the department, plans to conduct an accident prevention-focused inspection as previously announced after taking office. In particular, it will check whether there are any weaknesses in management throughout the product design, development, and sales stages. The Financial Supervisory Service emphasized, “We will implement it in accordance with laws and principles and use it as a starting point to increase the predictability of future inspection work.”
He added, “This inspection is a risk-preventive inspection that is carried out in a situation where there is a growing concern about system risk.”
By Jung So-ram, staff reporter ram@hankyung.com
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