자동차채권 환급금 조회“Go to the bank application and check your car refund.”
Last Friday afternoon, a message came to my husband at work. I don’t know who started it first, but now my co-workers are all looking into it. They say that if it’s been 5 years since you purchased the car, you can get a refund. But what exactly is a car refund? It’s been more than ten years since I’ve owned my own car, but even though I’ve heard of the taxes I have to pay, such as registration tax and automobile tax, they say they’ll give me a refund?
I looked it up and found this: When we purchase a car and register it with a local government, we are required to purchase something called a ‘local development bond.’ These regional development bonds are issued by local governments to promote the welfare of local residents and to raise funds for regional development projects, and the type and ratio of bonds vary depending on the engine displacement of the purchased car and the region in which it is registered.
For example, if you purchased a passenger car with an engine displacement of less than 2,000cc and cost 20 million won in 2015 and registered the car in Incheon, you purchased regional development bonds worth 800,000 won, which is 4% of the acquisition tax. If you registered in Seoul, you would pay 12% of the acquisition tax. This means that 2.4 million won worth of urban railway bonds were purchased. In that case, since I purchased a 2012 model 1600cc car for about 20 million won and registered it in Seoul, I can make a bold calculation that I will receive a refund of about 2.4 million won plus ten years of interest.
But what is this? Bonds can be retrieved 5 years after purchase, but most people completely forget that they own bonds, and due to the inconvenience of having to visit a financial institution in person, as of the end of October 2021, unrefunded bonds are said to amount to 239.1 billion won. In addition, the amount of bonds whose rights disappear as the statute of limitations exceeds the statute of limitations of 10 years for the principal and 5 years for the interest from the date of repayment, which is 5 years after purchase, amounts to 2 billion won per year.
Accordingly, the Ministry of Public Administration and Security has improved its procedures and systems so that residents can more easily receive refunds for their bonds. Starting from the 2nd of this month, it will be possible to receive bond refunds through the financial institution’s website or application instead of visiting in person.
‘Then I can’t just sit still… ’ I calmed my ever-increasing heart and entered the banking application. In the full menu at the bottom right, touch utility bills and go to public recruitment! Oh, by the way, a message appeared saying ‘There are no bonds in your possession.’
Is this what happened??? I was curious, so I checked with another bank’s application as well. However, the result was, ‘As expected, there are no bonds held.’ What on earth is wrong? I started searching portal sites to find the answer.
And the answer I found was ‘Sell Immediately’! Many people say that they ‘sell immediately’ when registering a car because they feel the bond price is burdensome and they will not be able to make the repayment. According to one report, about 70% of residents in Gyeonggi-do, 84% in Changwon, Gyeongsangnam-do, and 86% in Incheon chose to sell immediately. And I was like that in the past too. ha ha ha!
However, now it seems that ‘immediate selling’ for fear of forgetting that I own local development bonds will disappear. In the case of newly purchased local development bonds, the system has been improved so that the money can be automatically deposited into the account designated by the person at the time of bond purchase, even if the bond expiration date is not recognized.
I am planning to buy a car this year. What choice will I make then? They say ‘they will automatically put it in your bank account’, so wouldn’t it be possible to purchase ‘regional development bonds’ that will save the area where you live and bring in funds with confidence now? Then, maybe 5 or 10 years from now, I will be happy as if I won the lottery.
Republic of Korea Policy Reporter Kim Myeong-jin uniquekmj@naver.com
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