Seo Yoo-seok, president of the Financial Investment Association
“As a result of government authorities’ efforts to overcome the crisis, the short-term funds market, such as corporate bond and CP interest rates, has recently stabilized.
On the 17th, Seo Yoo-seok, head of the Korea Financial Investment Association, announced a policy to stabilize the short-term capital market and revitalize the capital market at a press conference held at a Chinese restaurant in Yeouido, Seoul.
He cited overcoming the liquidity crisis as the four key tasks for the Korea Financial Investment Association this year, ▲ advancing asset management for the people, ▲ easing regulations related to the financial investment industry, and ▲ protecting investors.
“We will revive the stagnant public fund market,” said Chairman Seo. said.
As of the end of 2021, the number of stock investors was 13.84 million, increasing every year from 5.05 million in 2017. Chairman Seo said, “I think it is a very necessary time for market activation policies such as tax support for long-term investment in stocks and bonds and long-term investment tax-exempt funds, and I will actively propose them to the government in the future.” I will suggest benefits,” he said.
He also emphasized that the introduction of a corporate growth collective investment vehicle (BDC), which is a means to supply venture capital to foster domestic small and medium-sized venture companies and share growth fruits at the private level, is also an important task.
High-quality private equity funds that invest in areas that are difficult for the general public to access, such as SOC and real investment, plan to expand investment opportunities to ordinary investors through funds of funds.
In addition, a dedicated TF (Task Force) will be formed to closely review the financial investment income tax system. He also promised to come up with a reasonable solution to the tax treatment of dividend income from private equity funds in terms of rationalization of taxation.
Regarding the easing of regulations related to the financial investment industry, he said, “We will look into overall regulations such as the regulation of high-difficulty products and leveraged ETFs, and the risk rating system for financial products.” I will suggest mitigation,” he said.
Meanwhile, the Korea Financial Investment Association (FIA) plans to hold the ICSA Annual Meeting (ICSA) in Seoul from June 18 to 20 this year under the auspices of the association.
