Where Will Gyeonggi Office of Education's 25 Trillion Won Treasury Go?... Proposal Submissions on August 19-20

The Gyeonggi Provincial Office of Education will begin the selection process for its next treasury bank, as the current treasury agreement is set to expire on December 31.

The financial institution selected as the next treasury bank will be responsible for handling and safeguarding cash and securities, as well as other treasury-related operations under the jurisdiction of the Office of Education, for a four-year period from January 1, 2026 to December 31, 2029.

The Office of Education will hold an information session for interested financial institutions on August 7, and will accept proposals over two days from August 19 to 20. The institution that receives the highest score in the Treasury Designation Evaluation Committee's assessment, which will take place in September, will be designated as the next treasury bank.

Gyeonggi Provincial Office of Education

The evaluation criteria and their respective scores are as follows: ▲Internal and external credit rating and financial stability of the institution (25 points) ▲Loan and deposit interest rates for the Office of Education (23 points) ▲Convenience for educational consumers and institutions (18 points) ▲Treasury management capability (27 points) ▲Contribution to educational institutions and cooperation projects with the Office of Education (7 points).

Meanwhile, the total funds managed by the Office of Education for the 2024 fiscal year, including the Special Education Finance Account and related funds, amount to 25.6125 trillion won.

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