KOFIA Discusses Global Fund Industry Issues as IIFA Board Member

The Korea Financial Investment Association (KOFIA) is continuing its global outreach as a board member of the International Investment Funds Association (IIFA), discussing key issues in the global asset management industry and sharing Korea's market experience.

On October 6, KOFIA announced that it participated as a board member in the 39th IIFA Annual Conference, which has been held in Toronto, Canada since October 5.

The IIFA is a council of the asset management industry, comprising 43 investment fund associations from 41 countries around the world. In July, KOFIA was re-elected as a board member and plans to participate in discussions on major policies and regulations in the global asset management industry for the next two years through board activities as well as working groups focused on sustainability, international regulation, and pension savings & investment.

This year's annual conference brought together 50 fund experts from 24 organizations across 19 countries to discuss key topics such as international regulatory cooperation, the expansion of digital and hybrid advisory models, and transforming household savings into long-term and productive investments. KOFIA will join a panel discussion to share Korea’s market experience, introduce investor protection systems, and discuss efforts to improve financial literacy in the context of an expanding digital investment environment.

In addition, during the conference, KOFIA plans to sign a Memorandum of Understanding (MOU) with the Investment Trusts Association, Japan (IMAJ) to establish a practical framework for cooperation. This includes information exchanges on the Korean and Japanese asset management markets and systems, as well as personnel exchanges.

Hwang Sung-yup, Chairman of KOFIA, stated, "Through our activities as an IIFA board member, we will actively engage in key discussions and changes in the global asset management industry and continue sharing Korea’s market experience with the international community. The achievements of cooperation with overseas associations will strengthen the global business of our member companies and enhance the competitiveness of the K-Capital Market."

This content was produced with the assistance of AI translation services.