korea deposit insurance corporation
About KDIC
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YOO, JaeHoon
Chairman & President
As a financial authority primarily responsible for maintaining the stability of the nation’s financial system, the Korea Deposit Insurance Corporation (KDIC) plays an integral part in ensuring financial stability in Korea.
The KDIC has been acting as a reliable pillar of support that safeguards the financial markets and consumers, as evidenced by its successful restructuring of financial institutions in the course of overcoming the Asian financial crisis and the savings bank crisis in 2011.
Moreover, in a bid to bring the country’s deposit insurance system to the next level, the KDIC introduced the differential premium system and the recovery and resolution planning (RRP) scheme in consideration of the changes in the financial market environment. The Corporation was also the first deposit insurer in the world to implement the Scheme to Support the Return of Misdirected Money Transfers, which allowed the KDIC to ramp up its consumer protection measures.
The KDIC will continue to step up efforts to reinforce its capacity to prevent crises and financial consumer protection measures to help the public gain greater confidence in conducting financial transactions.
I hope this website will provide a better understanding of the KDIC’s work and achievements for the general public and serve as a channel of communication between the public and the KDIC.
Thank you.
Chairman & President
During his 30-year career in the Korean government, he worked as a spokesperson for the Financial Services Commission (2008-2009), Director General of the Treasury Bureau at the Ministry of Strategy and Finance (2009-2011), and Commissioner of the Securities and Futures Commission of the FSC (2012-2013). He also worked as Chairman and CEO of the Korea Securities Depository (2013-2016).
He worked in various international financial organizations including the Asian Development Bank (Economist, 1997-2000), World Bank Group (Sr. Securities Market Specialist, 2005-2008), and the Asian Infrastructure Investment Bank (Controller/Director General, 2016-2019).
Dr. Yoo has a BA in economics and an MA in public administration from Seoul National University. He also obtained MA (DEA) in international economics at Sciences Po de Paris and graduated from the Ecole Nationale d'Administration (ENA) in France. He holds a PhD in economics from Kyonggi University in Korea.
He has published several books and papers, including “The Korean Bond Market: The Next Frontiers,” “Development Strategy for China Capital Market” co-authored with the Chinese government, and “Study on the Financial Characteristics and Financing Patterns of Innovative Firms.” In 2016, he published a book titled “Creating an Artificial Sun: Korea’s Capital Market Development Policy,” which compiles his experiences and theories related to capital market development in Korea and developing countries.
Dr. Yoo has been actively involved in social works to help overseas Korean adoptees to establish settlement, gain cultural experiences and pursue local studies in Korea since 2008.
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