S. Korean banker found dead in apparent suicide

A South Korean banker was found dead in an apparent suicide Friday -- the day she was due to report to prosecutors investigating illegal lending, police said.

The 50-year-old woman named Kim, an executive director of Mirae Savings Bank, was found hanging with her scarf in a Seoul motel, police said.

She had been ordered to report to prosecutors on Friday.

Mirae was one of four savings banks suspended for six months on May 6 for failing to meet financial-strength standards.

Kim is the fourth banker to commit suicide since a probe began last year into corruption in the sector.

Executives of two troubled savings banks took their own lives last year during a probe into corruption at their banks. The chairman of Ace Mutual Savings Bank killed himself in January in a Seoul hotel room.

Last year financial regulators suspended 16 savings banks found to be in difficulty, mainly due to reckless investments in risky property projects.

In February, eight executives at Busan, the country's largest savings bank, received jail terms of up to 14 years for offences including a lobbying operation aimed at keeping the bank open and $5.3 billion of illegal lending.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Fight vs online libel goes to the UNHCR Ederic Eder, Yahoo! Southeast Asia - The Inbox
    Fight vs online libel goes to the UNHCR

    Commentary By Ellen T. Tordesillas Last Tuesday, while in Baguio City for their summer session, the Supreme Court denied all the Motions for Reconsideration on Online Libel which it upheld in its Feb. 18, 2014 decision. It will be recalled … Continue reading → …

  • Book chronicles efforts for PWD-friendly polls VERA Files - The Inbox
    Book chronicles efforts for PWD-friendly polls

    By Melissa Luz Lopez, VERA Files A lot have been done but much still need to be done for a hassle-free  participation of  Persons with Disabilities in elections,according to a book published by The Asia Foundation (TAF) and supported by … Continue reading → …

  • The other side of Palawan Ellen Tordesillas, Contributor - The Inbox
    The other side of Palawan

    By Ellen T. Tordesillas Mention Palawan and what comes to mind are Underground River and El Nido in the northern side of this richly-blessed province from its capital, Puerto Princesa. Three weeks ago, we went to the southern side- in … Continue reading → …

POLL
Loading...
Poll Choice Options