KOFIA Chairman Hwang Seongyeop Discusses Cooperation Ahead of Launch of Japan Investment Management Association
Laying the Groundwork for Cooperation with Japan
Hwang Seongyeop, chairman of the Korea Financial Investment Association, met with the president-designate of the Japan Investment Management Association, which is set to be launched, to discuss cooperation.
On the 10th, the Korea Financial Investment Association announced that Chairman Hwang had met the previous day at the association with Hishida Yoshio, Global Head of Asset Management at Japan's Mitsui Sumitomo Trust Group (SuMi Trust), to discuss ways to expand exchanges and cooperation between the Korean and Japanese financial investment industries.
Hwang Seongyeop, president of the Korea Financial Investment Association (left), met on the 9th at the association with Hishida Yoshio, Head of Global Asset Management at Japan's Mitsui Sumitomo Trust (SuMi Trust) Group, to discuss cooperation measures. Provided by Korea Financial Investment Association.
View original imageAt this meeting, Hishida, who has been nominated as the first president of the Japan Investment Management Association (JIMA), explained the purpose and vision of the association, which is scheduled to be launched in April in line with the Japanese government's policy to foster an asset management hub. He also formally proposed strengthening cooperation, including benchmarking the operational experience of the Korea Financial Investment Association and signing an MOU between the two organizations.
This meeting is being evaluated as an opportunity for the Korea Financial Investment Association to preemptively lay the groundwork for cooperation with the Japanese side, at a time when Japan is pursuing the asset management industry as a national strategic task.
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Chairman Hwang stated, "The asset management expertise of the Mitsui Sumitomo Trust Group, which has a tradition of more than 100 years, has significant implications for the entire asset management industry," adding, "I hope this meeting will serve as an opportunity to expand substantive cooperation between the financial investment industries of both countries."
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