KOFIA to Hold 6th Chairman Election on 23rd... Voting Under Police Supervision

Korea Electronic Voting Conducts Election Using Electronic Voting Method
Election Process Disclosed Through Real-Time Broadcast System

[Asia Economy Reporter Kwangho Lee] The Korea Financial Investment Association announced on the 19th that it is making thorough preparations to ensure that the 6th chairman election, scheduled for the 23rd, will be conducted transparently and fairly.

The association plans to elect the next chairman through the Financial Investment Association chairman election, which will be held at 3 p.m. on the 23rd of this month at the temporary general meeting hall on the 3rd floor of the Financial Investment Center. Three candidates selected by the Candidate Recommendation Committee will be the subjects of the election: former Kyobo Securities CEO Kim Hae-jun, former Yuanta Securities CEO Seo Myung-seok, and former Mirae Asset Management CEO Seo Yoo-seok.

At the temporary general meeting, after the candidates present their views, direct and secret voting will be conducted by representatives (or proxies) of regular member companies. Prior to this, the association sent the candidates' presentation materials to all member companies in advance.

The voting will be conducted electronically through Korea Electronic Voting (kevoting) to ensure fairness, accuracy, and promptness of the election.

Additionally, the association explained that to prepare for emergencies such as power outages or system failures, a manual voting system using OMR will also be prepared. Beforehand, demonstrations and inspections of the voting system will be conducted with the candidates and compliance officers representing each industry sector of the member companies.

If no candidate receives a majority in the first round of voting, a runoff election will be held between the top two candidates. The association stated, "As soon as the voting ends, the results will be tallied and the election outcome will be promptly announced."

The election will be conducted under the supervision of officials from the Yeongdeungpo Police Station. The entire election process will be transparently disclosed to the media through a real-time broadcasting system from a separate location.

Since its establishment, the Korea Financial Investment Association has maintained the election procedure of selecting its chairman through direct voting by member companies.

The association said, "We are making every effort to ensure that the 6th Financial Investment Association chairman election is conducted fairly and transparently."

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