Chong-Hoon Lee

Korea Deposit Insurance Corp. (KDIC) is the South Korean government deposit insurance company which was established in 1996 under the Depositor Protection Act of Korea. KDIC ensures protection of depositors' funds and provides personal and corporate insurance services. Located in Seoul, they insure financial institutions such as banks, securities companies, insurance companies, merchant banks, mutual savings banks and Korea Federation of Savings Banks. KDIC also works in close cooperation with other national agencies such as the Financial Supervisory Service.