The Central Deposit Insurance Corporation, Taiwan (CDIC) and the Korea Deposit Insurance Corporation (KDIC) held a virtual bilateral meeting on 10 January 2023 for sharing respective deposit insurance development and strategies.
This meeting was co-chaired by CDIC Chairman Dr. Norman H. Chu and KDIC newly-appointed Chairman and President Dr. JaeHoon Yoo, and attended by CDIC’s President Ms. Annie Cheng, Executive Vice President Ms. Yvonne Fan and staff of the International Relations and Research Office, as well as KDIC’s Executive Vice President Mr. Chayong Yoon and Executive Director Mr. Hyeonjin Cha. In the meeting, both sides shared and discussed experiences in the issues relating to deposit insurance ESG development, non-deposit products, financial consumer protection, future challenges and visions, etc.
The CDIC and the KDIC have maintained a 20-year good cooperative partnership since the signing of a Memorandum of Understanding in 2003. Both parties will continue to share information and exchange experience in the future to help advance their deposit insurance systems, and to further protect the rights and interests of depositors.
Screeshot of virtual meeting