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Korea Deposit Insurance Corporation

No change in size, 6 years ago
m
Policy and Fund Management: Typo patrol, typos fixed: devided → divided using AWB (7634)
==The Major Functions of KDIC==
===Policy and Fund Management===
The KDIC implements [[deposit insurance]] policies and manages funds. The funds in the KDIC are devideddivided into the Deposit Insurance Fund Bond Redemption Fund and the (New) Deposit Insurance Fund (DIF). The Redemption Fund was established to complete the financial restructuring and recover public funds injected during the first and second rounds of financial assistance following the [[1997 East Asian financial crisis]]. The new DIF could start with a clean state from then. The annual premium revenue of the DIF in 2009 was KRW 1.24 trillion.
===Ongoing Risk Surveillance===
The KDIC identifies troubled financial institutions through on and off-site monitoring and requests financial institutions or supervisory authorities to take appropriate actions to prevent failure.