Financial regulator suspends Korean bank financial chairman
Lim Young-rok
Seoul - Yonhap
South Korea's top financial regulator on Friday suspended the chairman of KB Financial Group Inc., the country's fourth-largest banking group by assets, for management failures, upgrading the punishment proposed by the watchdog.
The Financial Services Commission (FSC) said it decided on a "suspension" penalty for KB Financial Chairman Lim Young-rok for mishandling internal affairs over the group's selection of a new computer system.
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