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Ex-Woori Bank CEO sentenced to 1.5 years in prison for hiring irregularities

Former Woori Bank CEO Lee Kwang-goo was sentenced to 1.5 years in prison for favoring job candidates with links to the South Korean bank's important clients or high-ranking government officials, the Yonhap News Agency reported Jan. 10.

The Seoul Northern District Court on Jan. 10 issued the verdict after finding Lee guilty of "obstruction of business." He was immediately taken into custody.

Lee stepped down as CEO of Woori Bank in November 2017 when the hiring scandal came to light.