Gwangju Bank Launches 'Dangseon Giwon Account' Dedicated to Election Expense Management

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced on the 24th that it will sell the ‘Election Victory Account’ ahead of the 8th nationwide local elections to be held on June 1.

The subscription target for this account is election candidates or accounting managers designated by the candidates. It supports transparent and smooth management of candidates' election expenses and provides various preferential benefits such as exemption from various fees from the date of new subscription until one month after the vote.

The exempted fees include issuance fees for certificates submitted to the Election Commission, electronic financial transfer fees, usage fees for Gwangju Bank automated machines (CD/ATM), counter remittance fees, and accident report fees.

During the 7th nationwide local elections in 2018, about 100 Gwangju Bank Election Victory Accounts were sold, and about 10 accounts were sold during the 21st National Assembly election in 2020, which were used for managing candidates' election funds.

Kim Jae-chun, Head of Sales Promotion Department, said, “Through the sale of the Election Victory Account, we will do our best to fulfill the role of the region’s representative bank by participating in creating a fair and transparent election culture for the upcoming 8th nationwide local elections by providing smooth management of election expenses and financial cost reduction services.”

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