Prepaid Recharge Fund Protection Measures Notice
Kona I is managing the entire amount of prepaid recharge funds separately by entrusting and depositing it with the following prepaid recharge fund management institution.Prepaid Recharge Fund Management Institution: Hana Bank
The prepaid recharge fund management institution will prioritize the payment of the separately managed prepaid recharge funds to the user upon the user’s request if the prepaid service provider falls under any of the following cases (hereinafter referred to as ‘Reasons for Payment of Prepaid Recharge Funds’):
① In case of cancellation or revocation of permission or registration.
② In case of resolution to dissolve.
③ In case of bankruptcy declaration or similar cases.
④ In case of receiving an order to suspend all electronic financial services.
⑤ In case of occurrence of reasons equivalent to the above.
In the event of the occurrence of the Reasons for Payment of Prepaid Recharge Funds, the procedures for payment of prepaid recharge funds, including the method of user claims, are as follows:
① In the event that the Reasons for Payment of Prepaid Recharge Funds occur, Kona I will immediately notify the prepaid recharge fund management institution and the head of the Financial Supervisory Service and will publicly announce the reasons, timing, method, and other matters related to the payment of the prepaid recharge funds within one month in two or more daily newspapers and on the Kona I website, in consultation with the prepaid recharge fund management institution.
② Kona I will provide the prepaid recharge fund management institution with user identification information and information on the prepaid recharge funds that need to be paid.
③ Users who have a balance of prepaid recharge funds as of the day the reasons for payment occur can submit a written request including their user number and the account to which they wish to receive payment to the prepaid recharge fund management institution to receive their prepaid recharge funds.
④ The prepaid recharge fund management institution will pay the user the entire amount of the prepaid recharge funds calculated as of the day the reasons for payment occurred.
⑤ If the prepaid recharge fund management institution falls under Article 2, ② or ③, it will pay the separately managed prepaid recharge funds to Kona I on a priority basis, and Kona I will re-manage it separately through another prepaid recharge fund management institution within 14 days.
In case of any issues regarding the interpretation of these Notice, the Korean version of the Notice shall be the standard for interpretation.