🚨BREAKING NEWS🚨 Your bank account value doubles from September 1st!
Have you ever worried about what would happen to your money if the bank went bankrupt? Until now, with the deposit protection limit at 50 million won, you've probably been living as a 'deposit nomad' splitting your money across multiple banks. Well, that struggle ends now!
💥 The Biggest Change in 24 Years: Deposit Protection Limit Doubles
From September 1, 2025, for the first time in 24 years, the deposit protection limit will be dramatically increased from 50 million won to 100 million won! This isn't just a simple number change. It's a major transformation of the financial system that will protect your precious assets much more thoroughly.
📋 Key Summary: When does it start and what money is protected?
📅 Key Implementation Schedule
Deposit protection limit increases to 100 million won
All deposits regardless of when they were opened
Principal + accrued interest up to 100 million won per person, per financial institution
🏦 Which Financial Institutions Are Covered?
Almost everywhere you know! Commercial banks, savings banks, insurance companies, securities firms, as well as credit unions, agricultural cooperatives, fisheries cooperatives, community credit cooperatives, and forestry cooperatives - all are covered.
💥ATTENTION! Insider tip: How to get 300 million+ won protection instead of just 100 million!
If you thought "So only 100 million won is protected per bank?" then you're still a beginner! If you carefully examine the government announcement materials, there's an incredible secret hidden that allows you to protect over 300 million won even in one bank.
It's the 'Separate Protection Limit' system. Separate from regular deposits, the following products each have an additional 100 million won protection limit applied.
🎯 Products with Separate Protection Limits
- Retirement Pension (DC type, IRP, etc.): Separate 100 million won protection
- Pension Savings (Trust, Insurance): Separate 100 million won protection
- Accident Insurance Benefits: Separate 100 million won protection
📊 Actual Protection Amount Calculation Example
If you have the following deposits at Bank A:
If Bank A goes bankrupt, protected amount:
This means you end up protecting a total of 250 million won! An amount you couldn't even imagine if you only thought about regular deposits.
⚠️ Wait! These products aren't protected even if you put in 1 billion won!
Of course, not all financial products are protected. The following products that may incur principal losses due to investment performance are not covered by deposit protection, so be careful!
- Funds and other financial investment products
- Securities firm CMA
- Variable insurance main contract portion (excluding minimum guarantee)
- Subordinated bonds
🎉 Now you no longer need to worry and split your money across multiple banks!
This is a once-in-24-years opportunity. Use the 'real' insider tips we shared today to protect your precious assets in the smartest way possible! Check right now where your retirement pension and pension savings accounts are sleeping!
💡 Conclusion: The Beginning of Smart Asset Management
This deposit protection limit increase means more than just a simple policy change. It significantly increases the safety of individual assets while providing an opportunity for more efficient asset management.
Especially by utilizing the separate protection limit system, you can safely protect over 300 million won even in one bank, freeing you from the life of a deposit nomad. Now manage your precious assets even more smartly!
📊 Key Implications
- Enhanced Individual Asset Protection: Increased safety through 2x deposit protection limit
- Asset Management Efficiency: No need to disperse across multiple banks, increased management convenience
- Retirement Pension/Pension Savings Activation: Expected increase in product preference due to separate protection limits
- Financial System Stability: Enhanced financial system trust through strengthened individual depositor protection
Reference: Financial Supervisory Service Deposit Protection System Guide, Korea Deposit Insurance Corporation Official Announcement Materials
Official Source: Financial Services Commission Official Press Release