KDIC News

Dept.	Office of Intl Affairs	Date	11/01/2008
File	aa(14).JPG
Subject	Signing Ceremony for Selling Stake in Yeahreum MSB
The KDIC signed a contract with Standard Chartered NEA Ltd. to sell all of its stakes in Yeahreum Mutual Savings Bank (MSB). The contract took effect on Jan.1 2008. Yeahreum MSB is a bridge bank which was established by KDIC in order to resolve MSBs and assumed the fine assets and liabilities of 3 other MSBs. It will serve as an excellent example of resolving insolvent MSB by establishing a bridge bank. It is expected that the KDIC will be able to complete the selling process in a short period after the stock acquisition process by the Financial Supervisory Service.

next	The DIV Delegation visited KDIC
previous	The New Chairman & President of KDIC was appointed