Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
피터빈트

Watchdog says dormant financial assets reach W4.38tr

By KH디지털2

Published : Feb. 14, 2017 - 17:12

    • Link copied

South Korea's financial watchdog said Tuesday that the total amount of dormant financial assets reached 4.38 trillion won ($3.8 billion) last year as customers forgot to withdraw their deposits or redeem rewards points.

Among them, credit card rewards points accounted for half with 2.19 trillion won as of the end of September, according to the Financial Supervisory Service.

(Yonhap) (Yonhap)

Credit card rewards points usually expire after a certain period unless customers redeem them.

Unclaimed assets from life insurance policies came in second with 787.8 billion won, followed by dormant bank accounts and dividends.

The financial watchdog has set up a website (fine.fss.or.kr) to help people find dormant financial assets. (Yonhap)

More from Headlines