After Winning 1st Prize: Complete Guide to Visiting NH Nonghyup Bank Headquarters
Have you won the lottery first prize — the luck of a lifetime? Congratulations! Now it’s time to claim your prize. First prize winnings can only be claimed at the ‘NH Nonghyup Bank Headquarters.‘
Prize Claim Locations by Prize Tier
| Tier | Claim Location | Notes |
|---|---|---|
| 1st Prize | NH Nonghyup Bank Headquarters | Winning ticket and ID required |
| 2nd, 3rd Prize | Any NH Nonghyup Bank branch nationwide | Winning ticket and ID required |
| 4th, 5th Prize | Any lottery retailer nationwide | Only winning ticket needed |
1st Prize Winners: Guide to Visiting NH Nonghyup Bank Headquarters
First prize winners must visit the NH Nonghyup Bank Headquarters, the only location in South Korea, located near Seodaemun Station in Seoul.
Pre-Visit Checklist
- Original winning ticket: Be careful not to damage it! It’s safe to write your signature and contact information on the back beforehand.
- ID: Original government-issued photo ID such as resident registration card, driver’s license, or passport.
- (Optional) Copy of bank account for deposit: Preparing this in advance can speed up the process.
Visit Procedure and Time Required
- Location: 85 Chungjeong-ro 1-ga, Jung-gu, Seoul (Seodaemun Station Exit 5)
- Visit Hours: Weekdays 9 AM - 4 PM (same as bank business hours)
- Procedure:
- Upon arrival on 1st floor, ask staff about ‘lottery prize claim’
- Follow staff guidance to a separate consultation room or dedicated counter
- Identity verification and winning ticket authenticity check (takes about 10-20 minutes)
- Tax processing and prize claim application form completion
- Confirmation of net amount after tax deposited to designated account
- Total Time Required: Depending on wait time, usually all procedures are completed within 30 minutes to 1 hour.
Visit Tips: What to Wear?
Many people wonder “what should I wear?” The answer is ‘normal.’ Clothing that’s too flashy or too shabby can attract attention. Regular neat casual attire is best.
Security personnel are stationed and all procedures are conducted under strict security, so there’s no need to worry excessively about personal safety.
Tax and Net Amount
First prize winnings are subject to a 22% tax (33% for amounts exceeding 300 million KRW). The bank automatically deducts and remits taxes, and the net amount is deposited to your account. Detailed tax processing information is explained during the claim process.
Frequently Asked Questions
Q. Can someone else claim on my behalf?
A. In principle, the winner must visit in person. If unavoidable, proxy claim may be possible with a power of attorney and notarized documents, but it’s best to confirm directly with NH Nonghyup Bank in advance.
Q. Is anonymity guaranteed?
A. Personal information of lottery winners is thoroughly protected by law. The bank also processes under strict confidentiality, so there’s no need to worry about identity exposure.
Q. Can I receive it in cash?
A. For safety reasons, large prizes are only deposited to accounts, not paid in cash.
Important Notes
- Lottery tickets expire 1 year from the draw date. Be sure to check within the deadline!
- Do not share your win with anyone until you complete the claim to prevent unforeseen incidents.
- Consider consulting with a financial expert after claiming large winnings for asset management planning.
Enjoy your hard-won luck wisely!