Smart custodial services for ESOA funds

ESOA Deposit

A product for depositing the funds of the ESOA contributed by corporations and major shareholders or reserved by ESOA members to acquire ESOP shares.

Product Details
	Demand Deposit	Free Installment Deposit
Eligible Customers	ESOAs
Maturity	Deposits and withdrawals can be made anytime	From 12 months up to 36 months
Interest Rate	Disclosed interest rate + Bonus rate (rates may change according to the market interest rate)
Interest Payment	Interest is automatically added to the principal every 3 months (March, June, September, December; compound interest)	Interest paid at maturity (Interest is paid with the principal upon maturity)

1.No income tax is imposed on ESOA deposits.
2.Up to KRW 400 million are deducted from the taxable income each year for contributions made by ESOA members.
- Tax is deducted in the year the contributions are made and deferred upon the withdrawal of ESOP shares.
- Venture companies can receive tax deduction of up to KRW 15 million each year.

This product shall be protected by the Korea Deposit Insurance Corporation pursuant to the Depositor Protection Act. The maximum protection limit is KRW 50 million for each person per financial company, after adding the principal and interests of all the financial products that are applicable for depositor protection.
The amount exceeding the limit shall not receive protection.
In addition, deposits of insured financial companies shall not receive protection.