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IBK head apologizes for $60.2 mil. in improper loans

Summary by The Korea Times
Industrial Bank of Korea (IBK) CEO Kim Sung-tae issued an apology Wednesday and announced a comprehensive reform plan in response to the Financial Supervisory Service's (FSS) findings on improper lending practices totaling 88.2 billion won ($60.2 million).

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The Korea Times broke the news in Korea, Republic of on Wednesday, March 26, 2025.
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