Kim Seong-sik, the new president of Korea Deposit Insurance Corporation (KDIC), took office.
On the 2nd, Korea Deposit Insurance Corporation (KDIC) said attorney Kim Seong-sik of Law Firm Won took office as the new president on the 1st.
President Kim Seong-sik was born on May 10, 1965, in Seoul and graduated from Seorabeol High School and the Department of Judicial Studies at Seoul National University, then earned a Master of Laws from Harvard Law School in the United States. After passing the 28th bar exam, Kim served as a judge at the Incheon District Court, the Northern Branch of the Seoul District Court, and the Gongju Branch of the Daejeon District Court.
Kim, regarded as an expert in antitrust, was a bar-exam cohort of President Lee. When President Lee served as Gyeonggi governor, Kim was reported to have served on the defense team in a trial related to allegations of abuse of power. After graduating from Seoul National University School of Law in 1988, Kim served as a judge and has practiced as an attorney since 1999.
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 is unable to pay deposits due to bankruptcy, among other reasons. The annual salary of the KDIC president came to about 320 million won last year.