Temporary Reduction of Business Hours at Metropolitan Area Savings Banks

Reference image (Source=Yonhap News)

[Asia Economy Reporter Kim Hyo-jin] Following banks, savings banks in the Seoul metropolitan area will also reduce their business hours by one hour to prevent the spread of the novel coronavirus infection (COVID-19).

The Korea Federation of Savings Banks announced on the 8th that, in response to the elevation of social distancing to Level 2.5 in the Seoul metropolitan area, savings banks located in the metropolitan area will temporarily shorten their business hours.

Accordingly, from the 10th to the 28th of this month, savings banks in the metropolitan area will open at 9:30 a.m. and close at 3:30 p.m. This means they will open 30 minutes later and close 30 minutes earlier compared to their usual opening and closing times (9:00 a.m. and 4:00 p.m.).

If the Level 2.5 social distancing measures in the metropolitan area are extended or raised further, the shortened business hours will be extended accordingly.

The Korea Federation of Savings Banks also stated, "If Level 2.5 social distancing is applied outside the metropolitan area, the same measures will be implemented."

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