Gwangju Bank announced on the 4th the launch of its "Election Victory Account," designed to help candidates systematically and transparently manage election-related funds ahead of the 9th Nationwide Local Elections scheduled for June 3.
The Election Victory Account, available for a limited time until the day before the election, is a dedicated account for election funds. Only candidates themselves or accountants designated by candidates are eligible to open the account. The product clarifies the purpose of election funds and enhances credibility, supporting smooth fund execution and management in compliance with relevant laws.
To ease the financial burden during election preparation, Gwangju Bank is waiving various fees from the account opening date through July 3.
The product was developed to contribute to fair and transparent electoral culture as a financial institution. By providing a dedicated account that clearly tracks the flow of election funds, the bank aims to improve convenience for candidates' fund management and support the sound operation of the electoral system.
Account registration is available at all Gwangju Bank branches, with detailed information available through branch consultations.
Kim Soon-hee, Head of Deposit Strategy at Gwangju Bank, said, "We find it meaningful to support the sound operation of the electoral system as a financial institution through the Election Victory Account." She added, "We will actively participate in fostering a fair and transparent electoral culture by providing services for smooth election expense management and reduced financial costs."