Forecast Achieves Highest Grade in Financial Fund Management Evaluation for 9 Consecutive Years

[Asia Economy Reporter Haeyoung Kwon] The Korea Deposit Insurance Corporation announced on the 26th that the Deposit Insurance Fund Bond Repayment Fund (hereinafter referred to as the Repayment Fund) received an "Excellent" rating in the "2019 Fiscal Year Fund Management Evaluation."

With this, KDIC has achieved the highest evaluation rating among financial funds for nine consecutive years.

The Ministry of Economy and Finance conducts an annual fund management evaluation under the National Finance Act to enhance the efficiency and transparency of fund management and to promote improvements in fund-related systems. In this evaluation, KDIC's Repayment Fund was recognized for having an efficiently organized division of duties and reporting system related to asset management committees, and for achieving excellent management performance through effective fund allocation. It was also acknowledged for establishing an "Emergency Risk Plan" in preparation for financial market deterioration and regularly conducting simulation drills.

A KDIC official stated, "Amid the increased uncertainty caused by the novel coronavirus disease (COVID-19), we will do our best to ensure stable and systematic fund management by continuously monitoring the financial market and timely establishing and adjusting management strategies."