Gwangju Bank Sells 'Dangseon Giwon Account' for Managing 21st General Election Expenses
[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Bank (President Song Jong-wook) announced on the 10th that it will sell the ‘Election Victory Account’ from the 13th to April 14th to support smooth election fund management for candidates ahead of the ‘21st National Assembly Election’ on April 15th.
The subscription target for this account is election candidates or accounting officers designated by the candidates, and various preferential benefits such as fee exemption from the date of new subscription to the claim date for election expense reimbursement are provided upon new subscription.
The exempted fees include issuance fees for certificates submitted to the Election Commission, electronic financial transfer fees, usage fees for Gwangju Bank automated devices (CD/ATM), counter remittance fees, and report fees for election violations.
In June 2018, during the 7th simultaneous nationwide local elections, about 100 Gwangju Bank Election Victory Accounts were sold and used for managing candidates’ election funds.
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Kim Jae-chun, Head of Sales Promotion Department at Gwangju Bank, said, “Through the Election Victory Account, election expenses can be managed transparently and conveniently while saving financial costs such as fees. We will participate to help foster a fair and transparent election culture for the upcoming 21st National Assembly election.”
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