Kim Joo-hyun

By Kim Tae-jong

The new president of the Korea Deposit Insurance Corporation (KDIC) Kim Joo-hyun pledged Tuesday to do his utmost to deal with pending issues such as the stalled operations of four savings banks.

“We should do our best to complete the sale of the four troubled savings banks in a quick manner to minimize inconvenience to depositors,” Kim said in his inaugural speech.

He also asked employees to work hard to instill more public trust in the country's deposit insurance system.

The former director general of the Financial Supervisory Commission (FSS) took the helm of the state-run deposit insurer from May 27, succeeding outgoing Lee Seung-woo.

Kim graduated from Seoul National University, majoring in economics. Throughout his career he has served in various posts at the FSS.