The “2004 International Co-Workshop Program” was held at the KDIC headquarters in Seoul, Korea on November 18 through 19, 2004. A total of 22 participants from 7 Asian countries (Japan, Taiwan, Korea, India, Indonesia, Philippine and Thailand) attended the event.
The KDIC initially proposed the Co-Workshop program in early 2004 and the DIC of Japan as well as CDIC Taiwan agreed to hold this joint workshop.
The major objective of the workshop was to facilitate comprehensive discussion on investigation methods in Korea, Japan and Taiwan. The workshop’s theme was “Investigation Methods on Failed Financial Institutions and Employees of Default Companies,” and the program featured presentations by legal experts and deposit insurance practitioners of each country.
The main focus of discussions concerned the subject of techniques and experiences in pursuing responsibilities and liabilities on former management of failed financial institutions and their default debtors. The general consensus reached was that information sharing on actual practices, methods and experiences of each organization would serve as a useful source of future reference and study.
The workshop also provided a valuable opportunity to encourage a spirit of mutual cooperation among deposit insurers in the Asian region. CDIC Taiwan expressed its hope of hosting the next such workshop in Taipei sometime in 2005 or 2006.