Nae Jae-cheol, Chairman of the Korea Financial Investment Association, Discusses Financial Cooperation with Indonesian Asset Management Association Delegation

[Asia Economy Reporter Hwang Yoon-joo] The Korea Financial Investment Association (KOFIA) met with a delegation from the Indonesia Investment Management Association to discuss cooperation measures in the financial investment industry between the two countries.

On the 29th, Na Jae-cheol, chairman of KOFIA, held a meeting with the delegation from the Indonesia Investment Management Association at the Korea Financial Investment Association in Yeouido, Seoul.

The delegation from Indonesia included six executives, led by Prihatmo Hari Mulyanto, chairman of the Indonesia Investment Management Association.

Indonesia is one of the countries where Korean financial investment companies have the largest presence, along with China and Vietnam. Currently, six securities companies and three asset management companies operate in Indonesia through local subsidiaries and offices.

KOFIA explained to the Indonesian delegation the development of the Korean capital market, the global expansion status of Korean financial investment companies, and investment interests. They also requested that attention be given to ensuring that Korean financial investment companies operating in Indonesia can do so in a favorable environment.

Na Jae-cheol, chairman of KOFIA, said, "Through the meeting with Chairman Prihatmo Hari Mulyanto, I could feel the great expectations for cooperation between the financial investment industries of Indonesia and Korea. Moving forward, we will continue discussions to expand cooperation between the capital markets of the two countries and to broaden the business of domestic financial investment companies in Indonesia through ongoing exchanges with relevant Indonesian capital market institutions."

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