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This report studies the deposit insurance system that Korea established at the end of 1995 and has operated since then. Events during the Asian financial crisis of 1997 and the global financial crisis of 2007-2008 have demonstrated the importance of effective depositor protection schemes.
This report attempts to extract lessons and suggestions that would prove beneficial to policymakers in developing countries where the adoption of an explicit deposit insurance system is considered a way of either containing financial crises, or creating one of the important pillars of modern financial safety nets in the liberalized and globalized financial system.
It is an enormous challenge for developing countries to design and operate an efficient deposit insurance system. One of challenges is to strike an optimal balance between the benefits of preventing crises in advance, and the cost of controlling insured financial institutions and customer risk-taking.(The rest omitted)
Deposit insurance system in Korea
![ent, M Professor
Advisory
Jang-Bong Choi, Korea Deposit Insurance Corporation, Former President
Research Management Supported by
KDI School of Public Policy and Management Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-7003625-000053-01 ISBN 979-11-5545-045-1 94320 ISBN 979-11-5545-032-1 [SET 42] Copyright © 2013 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-7003625-000053-01
Knowledge Sharing Program
2012 Modularization of Korea’s Development Experience
Deposit Insurance System in Korea
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea has transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by many. The challenge of course is unlocking the secrets behind Korea’s rapid and broad-based development, which can offer invaluable insights and lessons and knowledge that can be shared with the rest of the international community. Recognizing this, the Korean Ministry of Strategy and Finance (MOSF) and the Korea Development Institute (KDI) launched the Knowledge Sharing Program (KSP) in 2004 to share Korea’s development experi](/image.do?type=idas&timeFile=/asset/2013/06/13/DOC/PREVIEW/04201306130126677035961.jpg "ent, M Professor
Advisory
Jang-Bong Choi, Korea Deposit Insurance Corporation, Former President
Research Management Supported by
KDI School of Public Policy and Management Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-7003625-000053-01 ISBN 979-11-5545-045-1 94320 ISBN 979-11-5545-032-1 [SET 42] Copyright © 2013 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-7003625-000053-01
Knowledge Sharing Program
2012 Modularization of Korea’s Development Experience
Deposit Insurance System in Korea
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea has transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by many. The challenge of course is unlocking the secrets behind Korea’s rapid and broad-based development, which can offer invaluable insights and lessons and knowledge that can be shared with the rest of the international community. Recognizing this, the Korean Ministry of Strategy and Finance (MOSF) and the Korea Development Institute (KDI) launched the Knowledge Sharing Program (KSP) in 2004 to share Korea’s development experi")
| Title |
Deposit insurance system in Korea
Similar Titles
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|---|---|
| Project Category | Development Cases |
| Material Type | Report |
| Author(English) |
Kang, Moon-Soo |
| Publisher |
Seoul : KDI School of Public Policy and Management |
| Date | 2013 |
| Project | Development Cases |
| Series Title; No | Knowledge Sharing Program: KSP Modularization |
| ISBN | 979-11-5545-045-1 94320; 979-11-5545-032-1 [SET 42] |
| Pages | 160 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | English |
| File Type | Documents |
| Original Format | |
| Subject | Economy < Financial Policy |
| Holding | KDI School of Public Policy and Management |
| Supervisor | KDI School of Public Policy and Management |
| Organizer | Financial Services Commission(Republic of Korea); KDI School of Public Policy and Management |
| Sponsor | Ministry of Strategy and Finance(Republic of Korea) |
| Project Term | 2012-01-01 ~ 2012-12-31 |
| License |  |
Abstract
User Note
Government Publications Registration Number 11-7003625-000053-01
Resources
예금보험제도(Deposit insurance system in Korea)
2013
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