In order to continue strengthening the exchange of experiences and information, the Chairman of the Central Deposit Insurance Corporation (CDIC), Mr. Michael M. K. Lin, and the Chairman of the Korea Deposit Insurance (KDIC), Mr. Seongbak Wi, on behalf of their respective corporations renewed a Memorandum of Understanding (MOU), thereby extending the formal bilateral cooperative relationship between the two organizations.
In the future, the CDIC will continue, on the basis of the MOU, to strengthen cooperation with the KDIC in the area of deposit insurance through bilateral exchanges of information and personnel, the provision of professional expertise and the sharing of experience, with a view to increasing the sophistication of deposit insurance system in their respective countries.