Korea's financial investment association joins IIFA board talks in Toronto, plans Japan MOU
In short
The Korea Financial Investment Association said it is attending the 39th annual meeting of the International Investment Funds Association (IIFA) in Toronto from October 5 as a board member, discussing international regulatory cooperation and digital advisory models. The association, re-elected to the IIFA board in July for two years, plans to sign a memorandum of understanding with the Japan Investment Advisers Association during the meeting.
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The Korea Financial Investment Association said it is taking part in the 39th annual meeting of the International Investment Funds Association (IIFA) in Toronto, which began on October 5, attending as a board member and discussing global fund industry issues. The association said it was re-elected to the IIFA board in a July vote and will serve for two years on the board and in working committees covering sustainability, international regulation, and pension savings and investment. [ 1 , 2 , 3 ]
IIFA is a consultative body made up of 43 investment fund associations from 41 countries, according to the reports. About 50 fund industry experts and officials from 24 institutions in 19 countries are attending the Toronto meeting. The agenda includes international regulatory and policy cooperation, the expansion of digital and hybrid advisory models, and the shift of household savings toward long-term, productive investment. [ 1 , 2 , 3 ]
The Korean association said it will join panel discussions on financial literacy and investor protection in a spreading digital investment environment, presenting domestic investor education and protection systems and Korean market experience. [ 1 , 2 , 3 ]
During the meeting, the association plans to sign a memorandum of understanding with the Japan Investment Advisers Association (IMAJ) covering exchanges of information and personnel on the two countries' asset management markets and systems, and joint events. [ 1 , 2 , 3 ]
Chairman Hwang Sung-yup said the association would take part in major changes and discussions in the global asset management industry through its IIFA board role and share Korean market experience internationally. He added that cooperation with overseas associations should lead to member firms' global business and to strengthened competitiveness of the Korean capital market. [ 1 , 2 ]
Why it matters
The meeting places the Korean association in working committees on sustainability, international regulation and pension savings, where global fund rules are shaped. The planned MOU with Japan's asset management association would widen information and personnel exchanges between the two markets, which the association links to member firms' overseas business.
Key facts
- The Korea Financial Investment Association is attending the 39th IIFA annual meeting in Toronto, which began on October 5. [ 1 , 2 , 3 ]
- The association was re-elected to the IIFA board in July and will serve for two years in the board and in working committees on sustainability, international regulation, and pension savings and investment. [ 1 , 2 , 3 ]
- IIFA is a consultative body of 43 investment fund associations from 41 countries. [ 1 , 2 , 3 ]
- About 50 fund industry experts from 24 institutions in 19 countries are taking part in the meeting. [ 1 , 2 , 3 ]
- Agenda items include international regulatory and policy cooperation, expansion of digital and hybrid advisory models, and shifting household savings toward long-term productive investment. [ 1 , 2 , 3 ]
- The association plans to sign an MOU with the Japan Investment Advisers Association during the meeting on information, personnel and joint-event cooperation. [ 1 , 2 , 3 ]
- Association chairman Hwang Sung-yup said it would share Korean market experience with the international community and seek to strengthen members' global business and the competitiveness of the Korean capital market. [ 1 , 2 ]
Confirmed by several sources
- The Korea Financial Investment Association is attending the 39th IIFA annual meeting in Toronto as a board member. [ 1 , 2 , 3 ]
- The association was re-elected as an IIFA board member in July and will serve two years. [ 1 , 2 , 3 ]
- IIFA comprises 43 investment fund associations from 41 countries. [ 1 , 2 , 3 ]
- About 50 experts from 24 institutions in 19 countries are attending, discussing international regulatory cooperation, digital and hybrid advisory models and long-term investment of household savings. [ 1 , 2 , 3 ]
- An MOU with the Japan Investment Advisers Association is planned during the meeting. [ 1 , 2 , 3 ]
Still unclear
- Whether the MOU with the Japan Investment Advisers Association has been signed The documents say only that the association plans to sign it during the meeting, and no signing confirmation or date is given.
What local media are saying
Timeline, local time
- The 39th IIFA annual meeting opens in Toronto; the Korea Financial Investment Association attends as a board member. [ 1 , 2 , 3 ]
- Asia Economy reports the association's attendance and planned Japan MOU. [ 1 ]
- Seoul Economic Daily reports the same. [ 2 ]
- Yonhap reports the association's attendance and agenda. [ 3 ]