Capital Area Banks to Close at 3:30 PM This Week

The Myeongdong street viewed from the Seoul Banking Hall on the 25th is quiet. Photo by Moon Honam munonam@

[Asia Economy Reporter Kim Min-young] Due to the implementation of social distancing level 2.5, bank branch operating hours will be shortened by one hour.

The Korea Financial Industry Employers' Association and the National Financial Industry Labor Union announced on the 31st, "To prevent the resurgence of the novel coronavirus infection (COVID-19) and to protect financial consumers and financial workers from infection, we have decided to temporarily shorten the operating hours of banks in the metropolitan area."

Both organizations held a meeting late in the afternoon and agreed to temporarily shorten the operating hours of banks in the metropolitan area in line with social distancing measures.

Accordingly, the operating hours of bank branches in the metropolitan areas including Seoul, Gyeonggi, and Incheon will be reduced by one hour, changing from 9:00 AM to 4:00 PM to 9:30 AM to 3:30 PM.

The shortened operating period will be from the 1st to the 6th of next month. On the first day of the shortened hours, the 1st, to reduce customer confusion, bank branches will open at 9:00 AM and close at 3:30 PM.

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