The delegation of the Korea Deposit Insurance Corporation (KDIC), led by Deputy Director of the Office of International Cooperation Ms. Min Kyung KIM, visited the Central Deposit Insurance Corporation (CDIC) on December 12-13, 2019. The CDIC President William Su along with Executive Vice President Yvonne Fan and staff of the International Relations and Research Office cordially received the delegates. The CDIC, serving as the former Chairperson of the Asia-Pacific Regional Committee (APRC) of IADI, completed the handover of the APRC Secretariat and administrative affairs with the KDIC. In addition, pursuant to the Memorandum of Understanding (MOU) signed by both organizations, CDIC's differential premium system experience was shared at the bilateral meeting.
The CDIC and the KDIC have maintained a cooperative partnership since signing the MOU in 2003. Both sides have actively communicated through information exchanges, visits and participation in meetings of international organizations. This time, the KDIC delegation’s visit is not only to proceed with the APRC Secretariat and administration succession smoothly, but to enhance the bilateral cooperation between the two organizations under the MOU.
Group photo of the CDIC President William Su (4th from the left), Executive Vice President Yvnne Fan (2nd from the right), the KDIC delegation and the CDIC staff