Federal Reserve Board announces termination of enforcement action with Industrial Bank of Korea and Industrial Bank of Korea New York Branch

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 6. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Industrial Bank of Korea, Seoul, Korea, and Industrial Bank of Korea New York Branch, New York, New York Written Agreement, dated Feb. 24, 2016 (PDF) Terminated Dec. 2, 2022 Additional enforcement actions can be searched for here.

For media inquiries, please email [email protected] or call 202-452-2955.

Source: Board of Governors of the Federal Reserve System