ID :
200239
Wed, 08/10/2011 - 04:05
Auther :
Shortlink :
https://oananews.org//node/200239
The shortlink copeid
Lee's office negative about push to compensate victims of savings banks
SEOUL, Aug. 10 (Yonhap) -- Parliament's push to reimburse victims of failed savings banks for their lost deposits beyond the legal limit would, if carried out, amount to lawmakers breaking the law and set a bad precedent, a presidential official said Wednesday.
Rival parties agreed Tuesday to seek a special law to compensate individual customers and bond investors of nine suspended savings banks for their losses of up to 60 million won (US$55,325). That runs counter to the current law guaranteeing only up to 50 million won of deposits.
Critics accused lawmakers of bending rules to woo voters ahead of next year's elections.
"It would be breaking the law because the current depositor protection law guarantees deposits of up to 50 million won," a senior official at the presidential office said. "If the law is revised, it would be unfair for victims of savings banks that went bankrupt earlier and leave a bad precedent."
A local newspaper said earlier President Lee Myung-bak is considering vetoing such legislation.
But another presidential aide said it is too early to talk about such possibilities.
"It is still an idea at the level of a parliamentary subcommittee," the aide said. "We can discuss whether to accept it or not after it passes through the plenary session and it is too premature to discuss exercising veto rights."
Rival parties agreed Tuesday to seek a special law to compensate individual customers and bond investors of nine suspended savings banks for their losses of up to 60 million won (US$55,325). That runs counter to the current law guaranteeing only up to 50 million won of deposits.
Critics accused lawmakers of bending rules to woo voters ahead of next year's elections.
"It would be breaking the law because the current depositor protection law guarantees deposits of up to 50 million won," a senior official at the presidential office said. "If the law is revised, it would be unfair for victims of savings banks that went bankrupt earlier and leave a bad precedent."
A local newspaper said earlier President Lee Myung-bak is considering vetoing such legislation.
But another presidential aide said it is too early to talk about such possibilities.
"It is still an idea at the level of a parliamentary subcommittee," the aide said. "We can discuss whether to accept it or not after it passes through the plenary session and it is too premature to discuss exercising veto rights."
