Acknowledging this digital myopia, the Korea Deposit Insurance Corporation (KDIC) took a pioneering step in July 2021 by introducing the world s first, Scheme to Support the Recovery of Misdirected Wire Transfers. This initiative aims to address the overlooked issue of financial consumers experiencing losses due to erroneous wire transfers, an issue that has remained in the shadows of digital finance.
With the global economy s projected growth for next year slowing amid increased uncertainties, the Korea Deposit Insurance Corporation (KDIC) aims to bolster its crisis response monitoring system for the domestic financial sector, the agency s head said Friday.
Woori Financial Group, one of Korea s major financing holding firms, said Thursday it will purchase its remaining stake held by a state-run deposit insurer in a move to help the financial group complete its privatization.
The Korea Deposit Insurance Corporation (KDIC) and the Federal Deposit Insurance Corporation (FDIC) have agreed to enhance mutual cooperation and strengthen information sharing between the two organizations. The FDIC is a U.S. government corporation that supplies deposit insurance to depositors in American commercial banks and savings banks.