Wonju City Smashes Records: 13.9 Billion Won in Term Deposit Interest Income – A Historic High!
- Wonju City has successfully managed its surplus funds, resulting in a significant increase in interest income.
- This achievement represents a 39% increase compared to last year's interest income of 10 billion won.
- Wonju Mayor Won Kang-soo emphasized the importance of efficient fund management, stating, "In light of the recent 0.25% interest rate cut on October 23, we will continue to...
Wonju City Achieves Record-High Interest Income of 13.9 Billion Won
Wonju City has successfully managed its surplus funds, resulting in a significant increase in interest income. As of the end of October, the city has earned 13.9 billion won in interest income, the highest amount ever recorded.
This achievement represents a 39% increase compared to last year’s interest income of 10 billion won. The city’s proactive approach to managing its funds has enabled it to capitalize on rising interest rates, securing high-interest term deposits with rates of 3.25% for over a year and 3.15% for over six months.
Wonju Mayor Won Kang-soo emphasized the importance of efficient fund management, stating, “In light of the recent 0.25% interest rate cut on October 23, we will continue to utilize high-interest financial products by dispersing term deposits in advance. This will ensure the soundness of our local finances through efficient fund management.”
Wonju City Hall
By actively managing its surplus funds and adapting to changes in interest rates, Wonju City has demonstrated its commitment to responsible financial management and securing the best possible returns on its investments.