Regulatory Alerts2025-07-22 | 84977Maximum Deposit Protection Coverage Raised to KRW100 Million Effective September 1
The Financial Services Commission announced that the government approved legislative revisions raising the maximum deposit protection coverage from KRW50 million to KRW100 million, effective September 1, 2025. This increase applies to banks, savings banks, insurance companies, and mutual finance institutions covered by the Korea Deposit Insurance Corporation or their respective federation funds, while excluding investment products linked to fund performance. Authorities will monitor market stability and liquidity risks associated with potential depositor movements, while also preparing to update deposit insurance premium rates effective from 2028.
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