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Features |
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Yes Won-Dollar Deposit is useful for those who want to deposit KRW and get a choice of interest payment either in KRW or in foreign currency. |
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Minimum deposit amount of more than KRW 1 Mil. |
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1 ~ 12 months (on a daily or monthly basis) With your application for automatic renewal service, it will automatically extend your deposit period as requested. |
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Please get prime rate when you receive interest in USD or JPY. |
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Advantage Pre-closing Rates Available for Foreign Exchange or Overseas Remittance, on condition that this account has been held for 3 months after opening. |
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Up to 3 times ,including final closing. ( Pre-closing Rates Applicable ) |
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Advantage Pre-closing Rates: In line with lapse of days from opening date, interest rates will be applicable to those who : |
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Have kept Yes Won-Dollar Deposit for 3 months and, |
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Make such transactions as Foreign Currency Exchange, Overseas Remittance, Opening Foreign Currency Account. |
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Tax Benefits Condition For residents only |
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In case of residents, Deposit period should be longer than a year, and the period from opening to closing of the account should also be more than a year. |
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Limit depending on a total amount regardless of trading financial institutions or deposit types. |
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Deposit limit: KRW 40,000,000 per person (KRW 60,000,000 for the disabled and elderly people, KRW 15,000,000 for minors) |
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Elderly person: 60 or older for male and 55 or older for female |
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10.5% (as of Jan. 1, 2002)
(Income Tax: 10%, Special Tax for Rural Development 0.5%) |
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