The Korea Deposit Insurance Corporation (KDIC) is South Korea's deposit insurance organization, headquartered in Jung District, Seoul, under the Financial Services Commission. Founded on June 1, 1996 and beginning insurance operations on January 1, 1997, it protects depositors and maintains financial system stability through insurance management, risk surveillance, resolution of failed institutions, fund recovery and investigations, insuring banks, insurance companies, merchant banks and mutual savings banks up to 50 million South Korean won per depositor.
Facts
Founding YearSourced to the subject's own account Founding DateSourced to the subject's own account HeadquartersSourced to the subject's own account Geography
Country or Jurisdiction ServedWikidata Q6431618, property P17 (country). Classification
Institution SubtypeSourced to the subject's own account In the Other Atlases
Sources
1. Korea Deposit Insurance Corporation (Wikipedia)
WikipediaWikipedia, Historical highlights section
The Depositor Protection Act was enacted on December 29, 1995, and the KDIC established on June 1, 1996.
Wikipedia infobox image caption
KDIC headquarter along Cheonggyecheon in Downtown Seoul
View the Source 2. Wikidata
Wikimedia Foundation
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