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KOREA'S KDIC TO STRENGTHEN RISK MONITORING OF FINANCIAL INSTITUTIONS.
SEOUL, Jan 2 Asia Pulse - The Korea Deposit Insurance Corp. (KDIC) today said it will focus its attention on risk monitoring of financial institutions to prevent them from running into trouble in the new year.
The state-run corporation said this reflects a change in policy from a "passive" role cleaning up failed firms to making sure certain such situations are avoided.
To implement these moves, the KDIC said internal organizational restructuring was being carried out to increase the size of risk management departments from three to a total of four.
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Source: HighBeam Research, KOREA'S KDIC TO STRENGTHEN RISK MONITORING OF FINANCIAL INSTITUTIONS.