KOFIA to hold forum on long-term plans to boost capital market
Yonhap News
Kang Jae-eun
KO
2026-04-09 06:00
SEOUL, April 9 (Yonhap) -- The chief of the Korea Financial Investment Associati...
SEOUL, April 9 (Yonhap) -- The chief of the Korea Financial Investment Association (KOFIA) said Thursday his organization will soon launch a special forum to draft long-term plans to boost the capital market, saying the country is at a "golden time" to upgrade its financial investment sector.
Hwang Seong-yeop, the chairman of KOFIA, made the pledge at a press conference in Seoul, marking the 100th day since his election to the position.
"The money move into the capital market is accelerating, thanks to the achievements made by the government and the National Assembly regarding institutional reforms to invigorate the local capital market," Hwang said at the conference. "I am certain that now is the golden time for our capital market to level up."
To that end, the association plans to hold a special forum comprising experts from financial firms and academia to draw up long-term capital market boosting measures.
Ideas generated during the forum will be delivered to the government or could be developed into legislation, he added.
During the conference, Hwang outlined five areas the association plans to focus on to accelerate the development of the local capital market.
Notably, Hwang said his association is improving existing systems, such as omnibus accounts, to facilitate offshore investors' access to the domestic market while working closely with the government on its bid to include South Korea in the Morgan Stanley Capital International (MSCI) index.
fairydust@yna.co.kr(END)
Hwang Seong-yeop, the chairman of KOFIA, made the pledge at a press conference in Seoul, marking the 100th day since his election to the position.
"The money move into the capital market is accelerating, thanks to the achievements made by the government and the National Assembly regarding institutional reforms to invigorate the local capital market," Hwang said at the conference. "I am certain that now is the golden time for our capital market to level up."
To that end, the association plans to hold a special forum comprising experts from financial firms and academia to draw up long-term capital market boosting measures.
Ideas generated during the forum will be delivered to the government or could be developed into legislation, he added.
During the conference, Hwang outlined five areas the association plans to focus on to accelerate the development of the local capital market.
Notably, Hwang said his association is improving existing systems, such as omnibus accounts, to facilitate offshore investors' access to the domestic market while working closely with the government on its bid to include South Korea in the Morgan Stanley Capital International (MSCI) index.
fairydust@yna.co.kr(END)