2023-07-08 21:36:14
‘Pan-governmental response group’ all-out efforts to extinguish rumors of crisis, expected to continue declining next week
A sign stating that deposits will be safely protected is attached to a Saemaul Geumgo branch in downtown Seoul on the morning of the 7th, while anxiety in the bond market is growing as it is predicted that the withdrawal of funds from Saemaul Geumgo may stimulate anxiety related to real estate project financing (PF). . yunhap news
It has been confirmed that the scale of defections has turned to a decreasing trend as the government wages an all-out war to alleviate concerns over the Saemaul Geumgo bank run.
If this atmosphere continues until next week, expectations for an early evolution of the situation are also expected to rise.
Once the consumer agitation subsides, it is expected that a full-fledged cleanup of the delinquency rate and some of the safe deposit boxes that caused the crisis will follow.
According to the Ministry of Public Administration and Security, the Financial Services Commission, and Yonhap News on the 9th, on the 7th, which was the last business day before the weekend, the withdrawal of funds from Saemaul Geumgo turned to a decreasing trend.
A high-ranking government official said, “The rate of increase in withdrawals has slowed since the followingnoon of last Thursday, and the amount of withdrawals on Friday decreased by regarding 1 trillion won from the previous day (Thursday).”
On the 7th, the amount of funds withdrew from the Saemaul Geumgo, which had been growing throughout last week when rumors of a crisis grew, turned to a downward trend for the first time.
It is interpreted that successive messages from high-ranking government officials, such as “Please trust the government” and “It is okay to be at ease,” have had an effect.
The amount of re-deposits of customers who canceled midway is also increasing.
The government has come up with an ’emergency measure’ to restore the original contracted interest and maintain tax exemption benefits for Saemaul Geumgo customers who applied for redeposit by the 14th among Saemaul Geumgo customers who canceled midway from 0:00 on the 1st to midnight on the 6th.
On the 7th alone, it was found that the number of re-deposits of those who canceled midway exceeded 3,000.
Customers who judged that they were not in a situation to endure various losses due to early termination and that their anxiety was excessive put the funds back into the safe.
Even if the size of the exit tax has decreased, the sense of crisis is still significant, so the atmosphere next week is expected to determine whether the situation evolves early.
For this reason, the government and Saemaul Geumgo predicted an all-out response to calm anxiety next week.
dtpchoi@wikileaks-kr.org
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