Woori Bank was indicted on charges of violating the Foreign Exchange Transactions Act and the Banking Act during virtual asset-related foreign exchange transactions, but was acquitted in the first trial, according to Hankyung. The Seoul Central District Court ruled that it is difficult to view the bank as the 'substantive business entity' of the problematic foreign exchange transaction, and that the prosecution's proposed application of the law was an overly expanded interpretation. This is the first judicial decision in approximately 4 years since the prosecution's indictment in 2023.
