Memorandum with the Korea Deposit Insurance Corporation

On 29 June of 2023 in Ulaanbaatar, Mongolia, the Fund of Guarantee Citizens' Deposits in Banks signed a Memorandum of Understanding with the Korea Deposit Insurance Corporation.

This memorandum is a statement of intent to cooperate and collaborate in the area of deposit insurance, which includes bilateral meetings, exchange of views, experience, personnel, and publications to further develop their own organizations.

The fund and the Corporation both strongly believe that the enhancement of cooperation will strengthen both countries' economies and financial systems.