KDIC News

Dept.	Office of Intl Affairs	Date	07/01/2008
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Subject	The New Chairman & President of KDIC was appointed
Mr. Dae-dong Park was appointed as the 6th Chairman and President of the KDIC. The inauguration ceremony was held on Jan.8 at the KDIC headquarters and was attended by all the KDIC employees. Mr. Park emphasized several pivotal roles of the KDIC at the ceremony: First, to strive to maintain the confidence of both the general public and the financial market players by enhancing the soundness of the Deposit Insurance Fund (DIF) and making the Deposit Insurance System market-friendly. Second, to prevent an insurance contingency in advance, and to strengthen the risk surveillance system to minimize the losses of the DIF. Third, to endeavor to maximize the recovery of public funds which was injected to companies during the financial restructuring process. Lastly, to be proactive in dealing with the rapidly changing financial environment and to improve the protection offered to financial consumers which include depositors, investors, and policyholders.

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