Korea's financial watchdog will demand the nation's commercial banks draw up fundamental countermeasures to deal with corruption and the spate of data leaks that have rocked the banking sector in recent months.
The Financial Supervisory Service says Tuesday's meeting will be attended by the chiefs of the country's ten commercial banks-- some of which are being investigated for the recent consumer data leaks and fraud cases involving top bank officials.
The regulator is expected to call on the bank chiefs to modernize work practices and improve employee ethics.
FSS Governor Choi Soo-hyun on Monday blamed the recent string of cases on lax management and said he will strongly punish bank chiefs that fail to properly monitor their employees.
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