2023-07-15 05:52:00
Interest and tax exemption restoration policy extended by one week
Considering the difficulty of customers visiting the window due to heavy rain
Concerns regarding Saemaul Geumgo bank run will be put to rest
At a Saemaeul Geumgo branch in downtown Seoul, there is a notice posted stating that deposits will be safely protected. [사진 연합뉴스]
[이코노미스트 이용우 기자] Saemaul Geumgo has decided to extend the application period for re-deposit for customers who have canceled deposits and savings accounts in the middle. This is because customers requested an extension of the re-deposit application period when it was difficult to visit the window of Saemaul Geumgo due to torrential rain. Through this, the government believes that it can reduce the risk of withdrawal of Saemaul Geumgo funds.
According to the financial sector on the 15th, the Ministry of Public Administration and Security and Saemaul Geumgo announced that if customers who canceled deposits and savings accounts from the 1st to this day apply for redeposits by July 21st, interest benefits will be restored as before and tax exemption can be maintained.
Previously, the government announced on the 6th that interest on deposits and savings accounts would be restored and tax exemption would be maintained if customers who canceled deposits and savings accounts between the 1st and 6th were decided to re-deposit by the 14th.
The government expects to further reduce the risk of funds escaping from Saemaul Geumgo by extending the application period for interest restoration and tax exemption maintenance benefits this time.
In particular, as customers who had difficulty visiting the window due to monsoon rain are requesting an extension of benefits, it is expected that the extension of this period will also reduce customer damage.
Regarding this measure, the Ministry of Public Administration and Security announced that there were a flood of requests for an extension from customers who were not included in the existing application, and there were also requests from the directors of individual safes on the front line.
Customers who wish to re-deposit deposits and installment savings can apply through a nearby Saemaul Geumgo branch or online/smart banking. When the application is completed, the same conditions (interest rate, maturity, etc.) as the existing contract will be restored.
According to the industry, the number of re-deposits following midterm cancellation is known to have exceeded 20,000 by 2:00 pm on the 14th. Analysts say that customers are looking for Saemaul Geumgo once more as the government actively emphasizes guaranteeing full deposits following concerns regarding large deposit withdrawals from Saemaul Geumgo have recently arisen.
On the 6th, the government set up a pan-governmental response team consisting of the Ministry of Public Administration and Security, the Ministry of Strategy and Finance, the Financial Services Commission, the Financial Supervisory Service, and the Bank of Korea to respond to risk factors for the Saemaul Geumgo.
In addition, Vice Minister Han Chang-seop and Financial Services Commission Chairman Kim Joo-hyun made all-out efforts to reduce market unrest by visiting Saemaul Geumgo and making deposits.
ⓒThe Economist (“Economic News for Tomorrow” Unauthorized copying and redistribution prohibited)
1689408369
#heavy #rain #Saemaul #Geumgo #deposit #installment #savings #redeposit #extended #21st