KOFIA Holds 70th Anniversary Ceremony "Creating Added Value on the Global Stage"

The Korea Financial Investment Association held a commemorative ceremony to celebrate its 70th anniversary and expressed its ambition to prepare for a new century.

Seo Yu-seok, Chairman of the Korea Financial Investment Association, is delivering a congratulatory speech at the 70th anniversary ceremony of the association held on the 23rd at the Fairmont Ambassador Seoul Grand Ballroom in Yeouido, Seoul. Photo by Korea Financial Investment Association

On the 23rd at 5 p.m., the Korea Financial Investment Association held its 70th anniversary ceremony at the Fairmont Ambassador Seoul Grand Ballroom in Yeouido, Seoul.

The ceremony included a commemorative speech by Chairman Seo Yu-seok of the Korea Financial Investment Association, congratulatory speeches from key figures, a commemorative video presentation, a dedication ceremony for the 70-year history, and a future vision announcement toward the next 100 years. The association invited about 200 guests, including veterans and CEOs of the financial investment industry, members of the National Assembly, government officials, and prominent figures from academia. Assemblyman Kim Jong-min of the Democratic Party and Lee Bok-hyun, Governor of the Financial Supervisory Service, also attended the event.

The predecessor of the Korea Financial Investment Association, the Korea Securities Dealers Association, was established in 1953 by five securities companies coming together. This was to formally introduce the capital market and securities trading system in Korea. Since then, the financial investment industry has grown alongside South Korea’s economic development by providing means for corporate financing and national asset accumulation.

Chairman Seo said, “The market capitalization of the stock market has exceeded 2,400 trillion won, and the net asset value of the asset management market has reached 1,500 trillion won. The remarkable progress achieved over the past 70 years is not only the result of the financial investment industry’s relentless innovation and challenges but also thanks to the trust and support of all the people who have used the capital market and financial investment companies.”

He added, “Going forward, the financial investment industry will continue its efforts to create added value on the global stage and become a growth engine for South Korea,” and “we will reflect on the value of the past 70 years and faithfully prepare for the new 100 years to come.”

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