KDIC Establishes Digital Innovation Department to Build Digital Finance Forecasting Foundation
Summary
- The KDIC announced that it has expanded and reorganized the 'Digital Innovation Department' to respond to the digitalization of the financial market.
- It reported that a digital property investigation team has been established as a basis for investigating the properties of virtual asset operators.
- It stated that a debtor protection team has been formed to enhance financial stability by protecting debtor rights.
The Korea Deposit Insurance Corporation (KDIC) announced on the 16th that it has laid the foundation for digital forecasting through organizational restructuring in the first half of the year.
The KDIC has expanded and reorganized the 'Digital Innovation Department' to respond to the digitalization and increasing uncertainty of the financial market. With the revision of the Deposit Insurance Act, a basis for property investigation of virtual asset operators has been established, leading to the creation of a digital property investigation team, and a debtor protection team has also been formed to protect debtor rights.
Woo Hyun-chul, whose expertise has been verified through internal announcements, has been appointed as the head of the Digital Innovation Department.
YM Lee
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