Depositor protection limit
₩100,000,000KRW per person, per financial institution
The cap applies per institution, not per account, and protected deposits within one institution are added together to test it — so it decides how many banks a large balance should be spread across. It doubled in 2025 after standing unchanged for years, which is exactly the kind of move an English-language guide keeps quoting the old figure for.
- Applies to
- Anyone holding protected deposits at a Korean financial institution, foreign nationals included
- Review cadence
- Checked once a year
What it has been
- 2025-09-01₩100,000,000Current
Doubled. Principal plus stipulated interest, per person per institution.
Depositor Protection Act
- 2025-08-31₩50,000,000
The limit in force until the increase.
Depositor Protection Act
Guides that depend on this figure
When this figure moves, every guide above needs the same edit. That is why it is tracked here rather than copied into each one.