Yonhap Infomax NewsSouth Korea’s Saemaul Geumgo is considering raising its deposit protection reserve after the national insurance limit was doubled to KRW 100 million, as deposit inflows slow and its reserve ratio lags behind peers.
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Deposit Insurance Limit Raised to KRW 100 Million, but Money Moves Slow—Will Saemaul Geumgo Boost Its Reserve Fund?
South Korea’s Saemaul Geumgo is considering raising its deposit protection reserve after the national insurance limit was doubled to KRW 100 million, as deposit inflows slow and its reserve ratio lags behind peers.