Financial crimes in S. Korea fall 10.5% in 2018

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May 14 2019

Financial crimes in South Korea fell 10.5 percent on-year in 2018, data showed on May 14, but authorities vowed to boost efforts to prevent crimes at banks and other financial institutions.

The financial watchdog registered 145 cases of financial crimes, such as embezzlement and loan scams, last year, down from 162 in 2017, the Financial Supervisory Service said in a statement.