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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] On September 6, prosecutors requested an arrest warrant for Kim Mo, the brother-in-law of former Woori Financial Group Chairman Son Tae-seung, in connection with allegations of improper loans.
The Seoul Southern District Prosecutors' Office’s Financial Investigation Division 1, led by Chief Prosecutor Kim Su-hong, filed the arrest warrant application. Kim Mo faces charges of embezzlement and document forgery. He is accused of using his relationship with Son Tae-seung to secure unauthorized loans from Woori Bank. Kim was arrested the previous day at an office in Gwanak-gu, and the arrest warrant was requested the following day.
The Financial Supervisory Service (FSS) conducted an on-site inspection of Woori Bank’s lending practices from April 2020 to June 2024. The inspection revealed that during this period, Woori Bank issued 42 loans totaling 61.6 billion won to 20 companies directly or indirectly related to Son Tae-seung’s family.
The FSS identified 28 of these loans, amounting to 35 billion won, as preferential and improper and referred the case to the prosecutors. On August 27, prosecutors executed search and seizure operations at eight locations, including Woori Bank’s headquarters and Seolleung Financial Center, as well as four residences of individuals involved in the case.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
