Korea Deposit Insurance Corp. Jun 03
Standard & Poors, June 2003
Abstract
The ratings on Korea Deposit Insurance Corp. (KDIC) are based on the role it plays in reforming and strengthening Korea's financial system. The corporation's primary mandate is to protect depositors by extending insurance coverage for deposits using its Deposit Insurance Fund (DIF). By acting as a guarantor to depositors against instances when financial institutions become insolvent and are unable to repay depositors, KDIC helps to safeguard public confidence, and maintain stability in the financial system. KDIC is also responsible for recapitalizing insolvent insured financial institutions and supervising their restructuring, recovering disbursed public funds, managing bankruptcy estate, and investigating the causes of insolvency and pursuing damage claims from parties deemed responsible. Clearly, the corporation is an integral part of the Korean...
Companies mentioned in this report are:
- Korea Deposit Insurance Corp.
- Korea Development Bank
- Korea Electric Power Corp.
- Korea (Republic of)
- Export-Import Bank of Korea
- Industrial Bank of Korea
- Korea Western Power Co. Ltd.
- Korea Hydro & Nuclear Power Co. Ltd.
- Korea Southern Power Co. Ltd.
- Small Business Corp.
- Korea East-West Power Co. Ltd.
- Korea Midland Power Co. Ltd.
- Korea Expressway Corp.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Korea Deposit Insurance Corp.
- Korea Development Bank
- Korea Electric Power Corp.
- Korea (Republic of)
- Export-Import Bank of Korea
- Industrial Bank of Korea
- Korea Western Power Co. Ltd.
- Korea Hydro & Nuclear Power Co. Ltd.
- Korea Southern Power Co. Ltd.
- Small Business Corp.
- Korea East-West Power Co. Ltd.
- Korea Midland Power Co. Ltd.
- Korea Expressway Corp.
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