Woori Bank was reportedly acquitted in the first trial after being charged with violating the Foreign Exchange Transactions Act and the Banking Act during virtual asset-related foreign exchange transactions, according to the Korea Economic Daily. The Seoul Central District Court ruled that it is difficult to view the bank as the 'substantive party responsible' for the problematic foreign exchange transactions, and that the prosecution's proposed application of the law was an overly broad interpretation. This is the first judicial decision approximately four years after the prosecution's indictment in 2023.
