Among Last Year's 460 Billion Won Mistaken Transfers, 211 Billion 'Embezzled'... e-Green Mail to Be Used for Collection Notices

Post Office. Archive photo. Not related to the article.

[Asia Economy Reporter Kim Bong-su] The Korea Post under the Ministry of Science and ICT signed a business agreement with the Korea Deposit Insurance Corporation on the 29th to promptly notify recipients of mistaken remittances and request their return via e-Green Mail. e-Green Mail is a service where, upon request, the local post office prints and delivers the mail. Because the mail is printed and delivered locally, it is delivered quickly.

A mistaken remittance refers to a transaction where the remitter's error causes incorrect input of the receiving financial institution or recipient account number. Previously, if the recipient did not return the wrongly sent money, it could only be recovered through litigation. However, starting July 6, the Korea Deposit Insurance Corporation plans to purchase the remitter's claim (unjust enrichment claim) and recover the funds through voluntary return requests or payment orders, deducting related costs.

Last year, 200,000 mistaken remittance cases totaling 464.6 billion KRW were reported, but among these, about 101,000 cases amounting to 211 billion KRW were not returned to the remitters.

Park Jong-seok, head of the Korea Post, said, “By utilizing the e-Green Mail service for mistaken remittance return support, inconveniences related to postal delivery have been resolved, providing convenience to the public.”

This content was produced with the assistance of AI translation services.