The Korea Deposit Insurance Corporation (KDIC) is a government agency in South Korea responsible for protecting depositors by insuring deposits in financial institutions. Established in 2001, its primary role is to maintain public confidence in the banking system by providing insurance coverage for deposits up to a certain limit, ensuring that depositors can recover their funds in case of a bank failure. In addition to deposit insurance, the KDIC also plays a role in the resolution of troubled banks and financial institutions. It works to promote financial stability and prevent systemic risks in the financial sector, contributing to the overall health of the South Korean economy.