Korea’s Biggest Card-Data Theft Prompts Executives to Resign
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South Korea’s biggest theft of personal information on credit-card holders prompted dozens of top executives at financial firms including KB Financial Group Inc. to offer to quit this week as a regulatory probe widened.
Lee Kun Ho, chief executive officer of Korea’s largest bank, was among 27 executives who sent resignation letters to KB Financial CEO Lim Young Rok, an official at the Seoul-based company said yesterday, asking not to be named in accordance with company policy. Nine officials at Lotte Card Co. also offered to quit, that company said in an e-mailed statement.