Attorney Kim Seong-sik, a bar exam peer (28th) of President Lee Jae-myung, was included among the candidates for the next president of the Korea Deposit Insurance Corporation (KDIC). There are three candidates for KDIC president, including Kim.
According to the financial sector on the 8th, KDIC conducted interviews for president candidates on the 5th. Attorney Kim is a bar exam peer of President Lee and served as the lawyer in the trial over abuse of authority charges that proceeded while Lee was serving as Gyeonggi governor.
Former KDIC standing executive director Kim Young-gil, who reportedly also sat for the interview, previously served as chief policy specialist at the Democratic Party of Korea's policy committee. Former KDIC vice president Kim Gwang-nam, an internal candidate, served as co-chair of the Progressive Economy Committee, a policy advisory body under the Democratic Plaza Committee, a direct organization of presidential candidate Lee Jae-myung during the last presidential election.
The Korea Deposit Insurance Corporation (KDIC) is a public institution that protects depositors and maintains the stability of the financial system by guaranteeing the payment of deposits when a financial company cannot pay them due to bankruptcy and other reasons. The term of the KDIC president is three years, and a one-year extension is possible based on performance.
The term of current President Yoo Jae-hoon, appointed in Nov. 2022, expired on the 10th of last month after three years, and the process to recruit and appoint a successor is underway. Former President Yoo Jae-hoon's annual salary was about 323.28 million won last year (base salary 230.18 million won, bonus 93.10 million won).