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A Comparative Study on the Scope of the Use of Dormant Deposits between Korea and Japan : Focusing on the SDGs Perspective

  • Korea and Global Affairs
  • Abbr : KGA
  • 2020, 4(2), pp.187-210
  • DOI : 10.22718/kga.2020.4.2.007
  • Publisher : Korea Institute of Politics and Society
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : February 27, 2020
  • Accepted : March 27, 2020
  • Published : April 30, 2020

Nemoto Masatsugu 1 Chung, Tae-il 2

1충북대학교 국제개발연구소
2충북대학교

Candidate

ABSTRACT

Korea has faced the task of economic recovery of creditors due to the IMF economic crisis and credit card crisis. This situation occurred that new system of using dormant deposits was introduced in 2007, ten years before Japan in 2016. This study intends to compare and analyze the system of using dormant deposits in Korea and Japan from perspective of SDGs (Sustainable Development Goals). In Korea, dormant deposits are mainly utilized to credit loans for low-income individuals, while Japan is focused on supporting private public interest organizations which engaged in public interest activities for local residents, including vulnerable groups. From the viewpoint of SDGs, which emphasize the vulnerabilities are not only due to economic problem, but also due to social problems, it means a lot to Korea, which is using dormant deposits mainly to credit loans for low-income individuals, partially for social enterprise and cooperative which provides social support.

Citation status

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This paper was written with support from the National Research Foundation of Korea.