Woori Savings Bank and Capital also lend inappropriate loans to former chairman Sohn's relatives.

Woori Bank as well as its affiliates Woori Financial Savings Bank and Capital inappropriately lent 1.4 billion won to a company related to a relative of former Woori Financial Group Chairman Sohn Tae-seung, an inspection by the Financial Supervisory Service found.

According to the FSS inspection, Woori Financial Savings Bank and Woori Capital made 700 million won each to relatives-related companies such as the spouse and father-in-law of former chairman Sohn's brother-in-law.

According to the FSS' investigation, executives and employees from Woori Bank were involved in the savings bank's loan review process, and in both cases, some of the loans were used for personal purposes of management.

The Financial Supervisory Service pointed out that Woori Bank and management did not immediately respond to former chairman Sohn's relatives' inappropriate loans even after being aware of them, so the inappropriate loans were expanded to affiliates.