Forecast "Easily Claim Forgotten Bankruptcy Dividends from Bankrupt Financial Companies"

As of Late May, 44,000 People Owe 3.9 Billion Won

Provided by Korea Deposit Insurance Corporation

[Asia Economy Reporter Minwoo Lee] The Korea Deposit Insurance Corporation plans to actively pay out bankruptcy dividends recovered from deposits that were not protected during the 2011 Savings Bank insolvency crisis.

On the 5th, the Korea Deposit Insurance Corporation announced that it plans to provide a mobile notification service this year to about 12,000 depositors holding bankruptcy dividends of 1,000 won or more. In cooperation with telecommunications companies, they will verify depositors' latest mobile phone numbers and directly inform them of their bankruptcy dividend holdings.

Previously, during the savings bank insolvency crisis that began in 2011, the Korea Deposit Insurance Corporation paid deposit insurance funds up to the deposit protection limit (50 million won) in a lump sum, and for deposits exceeding 50 million won and subordinated bonds, it recovered funds through the sale of PF project sites and real estate held by the bankrupt savings banks to pay bankruptcy dividends. However, as of the end of May, there remain about 44,000 people and 3.9 billion won in unclaimed dividends due to small amounts or death. Therefore, they plan to actively notify depositors of their bankruptcy dividend holdings this year.

Introducing a simple authentication service last year into the 'Unclaimed Funds Integrated Application System' established in 2016 is also part of these efforts. In addition to the joint certificate, unclaimed fund payment applications can now be made through seven simple authentication methods including Samsung Pass, Kakao, and Naver.

A Korea Deposit Insurance Corporation official explained, "We will continue efforts to enhance public services so that depositors of bankrupt savings banks can more easily and conveniently be informed of and claim the existence of bankruptcy dividends and other unclaimed funds."

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