Uncover the Truth: Hidden Assets Reporting Period Extended – Up to 3 Billion Won Reward on the Line
Hidden Assets Reporting Period to Operate Until December with Up to 3 Billion Won Reward
The Korea Deposit Insurance Corporation has announced that it will operate an intensive reporting period until the end of the year to encourage citizens to report hidden assets of financial insolvents.
The Financial Insolvency Related Hidden Asset Reporting Center was established and operated by the Korea Deposit Insurance Corporation in May 2002. If the hidden assets are recovered, a reward of up to 3 billion won is paid according to the procedure.
The main assets subject to reporting include real estate, stocks, deposits, and salaries hidden in the names of insolvent individuals. Claims such as uncollected dividends, loan claims, and damages claims of insolvent individuals are also subject to reporting.
Since the establishment of the reporting center, 672 reports have been received as of June, and 88.8 billion won has been recovered. 6.44 billion won has been paid to the reporters who contributed to the recovery.