South Korea to disclose financial firms’ dormant asset repayments from next year

  • South Korean authorities will require financial companies to disclose annual dormant-asset refunds and balances from next year.
  • Dormant assets totaled 1.5019 trillion won and long-term inactive assets 14.2015 trillion won at the end of 2025.
  • Industry websites will publish company-level data by the end of March, while firms set targets to reduce dormant assets.

South Korean financial authorities will require banks, insurers, securities firms, savings banks and mutual financial institutions to disclose annual dormant-asset refunds and balances, along with long-term inactive asset balances, starting next year. Dormant assets totaled 1.5019 trillion Korean won at the end of 2025, comprising 382.5 billion won in deposits and savings, 658.3 billion won in insurance payouts, 376.2 billion won in securities and 84.9 billion won in trusts. Long-term inactive assets added 14.2015 trillion won, bringing the combined total to 15.7034 trillion won. The Financial Services Commission and Financial Supervisory Service announced the measures on the 28th after consulting the financial industry. Industry association and central organization websites will publish company-level data by the end of March each year, beginning with 2026 performance next year. Authorities will also revise the Model Standards for Financial Consumer Protection by year-end, requiring firms to set targets covering refunds, balances, consumer campaigns and improvements to customer guidance and refund procedures.

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