No. 21065
Promulgation Date 2025-10-01
Financial Services Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
CHAPTER II KOREA DEPOSIT INSURANCE CORPORATION
SECTION 1 Common Provisions
Article 3 (Establishment)
Article 4 (Legal personality)
Article 5 (Registration)
Article 5-2 (Offices)
Article 6 (Articles of incorporation)
Article 7 (Prohibition of use of similar name)
SECTION 2 Deposit Insurance Committee
Article 8 (Deposit Insurance Committee)
Article 9 (Composition of Committee)
Article 9-2 (Prohibition of political activities)
Article 9-3 (Guarantee of status of members)
Article 10 (Operation)
SECTION 3 Executive Officers and Employees
Article 11 (Executive officers)
Article 12 (Duties of executive officers)
Article 13 (Guarantee of status of executive officers)
Article 14 (Board of directors)
Article 15 (Appointment and dismissal of employees)
Article 15-2 (Appointment of agents)
Article 15-3 (Request for dispatch of public officials)
Article 16 (Grounds for disqualification of executive officers and employees)
Article 17 (Duty of confidentiality)
SECTION 4 Affairs
Article 18 (Scope of affairs)
Article 19 Deleted.
Article 20 (Conducting affairs on behalf of Corporation)
Article 21 (Requesting insured financial companies to submit data)
Article 21-2 (Exercise of right of subrogation to claim damages)
Article 21-3 (Request for provision of data)
Article 21-4 (Request for provision of information about financial transactions)
Article 21-5 (Information Protection Deliberative Committee)
SECTION 5 Treasury and Accounting
Article 22 (Accounting)
Article 23 (Budget and settlement of accounts)
Article 24 (Establishment of Deposit Insurance Fund)
Article 24-2 (Gratuitous transfer of state property)
Article 24-3 (Separate accounting)
Article 24-4 (Establishment of special account for restructuring of mutual savings banks)
Article 25 (Operation of surplus funds)
Article 26 (Borrowing)
Article 26-2 (Issuance of Deposit Insurance Fund bonds)
Article 26-3 (Establishment of Deposit Insurance Fund Bond Redemption Fund)
Article 26-4 (Establishment and operation of erroneous remittance return assistance account)
SECTION 6 Supervision
Article 27 (Supervision)
Article 28 (Report and examination)
CHAPTER III DEPOSIT INSURANCE
Article 29 (Insurance relations)
Article 30 (Payment of premiums)
Article 30-2 (Duty of confidentiality of insured financial companies)
Article 30-3 (Special contributions for Deposit Insurance Fund Bond Redemption Fund)
Article 30-4 (Establishment of target amount of reserves of Deposit Insurance Fund)
Article 30-5 (Objections against differential insurance premium rates)
Article 31 (Payment of insurance money)
Article 32 (Calculation of insurance money)
Article 33 (Notification of insurance contingencies)
Article 34 (Decision on payment)
Article 35 (Acquisition of claims)
CHAPTER IV RESOLUTION OF INSOLVENT FINANCIAL INSTITUTIONS
Article 35-2 (Purchase of claims, such as deposits)
Article 35-3 (Estimated payment rates)
Article 35-4 (Approval for making estimated payments)
Article 35-5 (Public announcement of purchase)
Article 35-6 (Right to set off on behalf of depositors)
Article 35-7 (Duties of administrator)
Article 35-8 (Duties of liquidator or receiver)
Article 35-9 (Purchase of liability insurance)
Article 36 (Intermediation of merger)
Article 36-2 (Request for transfer of contracts)
Article 36-3 (Establishment of financial company authorized to perform liquidation)
Article 36-4 (Appointment and authority of executive officers)
Article 36-5 (Scope of affairs of financial company authorized to perform resolution)
Article 36-6 (Incorporation registration and public announcement)
Article 36-7 (Period of business operations of financial company authorized to perform resolution)
Article 36-8 (Relationship to other Acts)
Article 37 (Application for financial assistance)
Article 38 (Financial assistance to insured financial companies)
Article 38-2 Deleted.
Article 38-3 (Special cases of assignment of claims)
Article 38-4 (Least cost principle)
Article 38-5 (Principle of fair loss sharing)
Article 38-6 (Special cases concerning notice or delivery concerning auction)
Article 39 (Special cases concerning continuation of affairs)
CHAPTER V ASSISTANCE IN RETURN OF ERRONEOUS REMITTANCE
Article 39-2 (Claims to be purchased)
Article 39-3 (Cooperation from related agencies)
CHAPTER VI PENALTY PROVISIONS
Article 39-4 (Penalty provisions)
Article 40 (Penalty provisions)
Article 41 (Penalty provisions)
Article 42 (Legal fiction as public officials in application of penalty provisions)
Article 43 (Joint penalty provisions)
Article 44 (Administrative fines)
ADDENDA <Act No. 5042, Dec. 29, 1995>
ADDENDA <Act No. 5257, Jan. 13, 1997>
ADDENDA <Act No. 5403, Aug. 30, 1997>
ADDENDUM <Act No. 5421, Dec. 13, 1997>
ADDENDA <Act No. 5492, Dec. 31, 1997>
ADDENDA <Act No. 5556, Sep. 16, 1998>
ADDENDUM <Act No. 5702, Jan. 29, 1999>
ADDENDA <Act No. 6018, Sep. 7, 1999>
ADDENDA <Act No. 6173, Jan. 21, 2000>
ADDENDA <Act No. 6274, Oct. 23, 2000>
ADDENDA <Act No. 6323, Dec. 30, 2000>
ADDENDA <Act No. 6429, Mar. 28, 2001>
ADDENDA <Act No. 6626, Jan. 26, 2002>
ADDENDA <Act No. 6807, Dec. 26, 2002>
ADDENDA <Act No. 6891, May 29, 2003>
ADDENDUM <Act No. 7027, Dec. 31, 2003>
ADDENDA <Act No. 7428, Mar. 31, 2005>
ADDENDA <Act No. 7615, Jul. 29, 2005>
ADDENDA <Act No. 7885, Mar. 24, 2006>
ADDENDA <Act No. 8635, Aug. 3, 2007>
ADDENDUM <Act No. 8702, Dec. 21, 2007>
ADDENDA <Act No. 8852, Feb. 29, 2008>
ADDENDA <Act No. 8863, Feb. 29, 2008>
ADDENDA <Act No. 9134, Sep. 26, 2008>
ADDENDUM <Act No. 9392, Jan. 30, 2009>
ADDENDA <Act No. 9401, Jan. 30, 2009>
ADDENDUM <Act No. 9406, Feb. 3, 2009>
ADDENDA <Act No. 10303, Jun. 17, 2010>
ADDENDA <Act No. 10476, Mar. 29, 2011>
ADDENDA <Act No. 10522, Mar. 31, 2011>
ADDENDA <Act No. 10691, Jun. 19, 2011>
ADDENDA <Act No. 10854, Jul. 14, 2011>
ADDENDA <Act No. 11845, May 28, 2013>
ADDENDUM <Act No. 12494, Mar. 18, 2014>
ADDENDUM <Act No. 12714, Jun. 28, 2014>
ADDENDA <Act No. 13453, Jul. 31, 2015>
ADDENDA <Act No. 13613, Dec. 22, 2015>
ADDENDUM <Act No. 14128, Mar. 29, 2016>
ADDENDA <Act No. 14242, May 29, 2016>
ADDENDA <Act No. 15935, Dec. 11, 2018>
ADDENDUM <Act No. 16655, Nov. 26, 2019>
ADDENDA <Act No. 17336, May 26, 2020>
ADDENDUM <Act No. 17804, Dec. 29, 2020>
ADDENDUM <Act No. 17878, Jan. 5, 2021>
ADDENDA <Act No. 18436, Aug. 17, 2021>
ADDENDA <Act No. 20431, Sep. 10, 2024>
ADDENDA <Act No. 20530, Oct. 22, 2024>
ADDENDA <Act No. 20717, Jan. 21, 2025>
ADDENDUM <Act No. 21065, Oct. 1, 2025>