Korean Job Discussion Forums

[Enigma]

In Canada, most accounts at most banks are insured through a Crown corporation controlled by the Canadian government. The idea being, that if a bank fails, you will be reimbursed up to $100,000 to cover your loss (it's more complicated than that, but that's the gist of it as I understand it.)
Does anyone know if a similar system exists in South Korea, and if so, which banks/types of accounts are covered, and up to how much per account?

Thanks

[big_fella1]

Korean deposits and accrued interest up to 50 million won are covered, but possibly not all financial institutions and not all products are covered.

https://kdic.or.kr/english/insurance/institution.jsp

Take a look at the above or better still have a Korean look at the Korean version as the English list is possibly out of date.