SEOUL —April 2009,
It has been reported in the international herad tribune that aa homeless South Korean man named Na Hae-dong died of cancer without being able to use a single penny of his life savings of $100,000 because he could not prove his identity to his bank, officials said Wednesday.
He was saving money into his bank account for a long time. In 1993, South Korea introduced an anti-corruption law that makes an account holder to prove that the account had been opened under the holder’s real name before withdrawing money. People were given a grace period during which they could transfer their money to real-name accounts. But it seems that he was not aware of that. After diagonising of cancer, he went to bank to take his savings. But he could not get because, officially, he did not exist. Local officials filed for court approval to give him an identity. Mr. Na died in the hospital on April 28 before before the court ruled .His savings were expected to be donated to the state.
Posts
