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Corporate Deposit
 

A. Current Deposit
Corporate current deposits can be saved and withdrawn at any time. It is mainly transacted through cash or transfer. Various currencies, including USD, KRW, and RMB, can be used to make deposits.

The deposit in this account is protected by the Korea Deposit Insurance Corporation (KDIC) under the Depositor Protection Act. The KDIC coverage limit is up to 50 million won per depositor for the aggregate of all of his/her insured financial products with this (bank / merchant bank / mutual savings bank) including principal and designated interest. The rest of the amount in excess of the coverage limit (50 million won) is not protected.

B. Time Deposit
Time deposit is a deposit where the term and interest rate are agreed upon by the bank and depositor prior to making the deposit. Upon the date of maturity, the principal amount and accrued interest can be withdrawn. Various currencies, including USD, KRW, and RMB, can be used to make deposits.

The deposit in this account is protected by the Korea Deposit Insurance Corporation (KDIC) under the Depositor Protection Act. The KDIC coverage limit is up to 50 million won per depositor for the aggregate of all of his/her insured financial products with this (bank / merchant bank / mutual savings bank) including principal and designated interest. The rest of the amount in excess of the coverage limit (50 million won) is not protected.

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