Korea Financial Investment Association (KOFIA)

Purpose: to promote the sound development of the financial investment industry by maintaining and establishing fair business practices among members and protecting investors

Membership (as of November 8, 2023):

• 403 Regular Members: Licensed financial investment companies (e.g., dealing, brokerage, collective investment and trust services)
• 113 Associate Members: Registered financial investment companies and concurrent financial investment business entities (e.g., discretionary and non-discretionary financial investment advisory services, banks, insurance companies)
• 28 Special Members: transfer agent companies, collective investment vehicle assessment agencies, bond rating agencies, Korea
• Listed Companies Association, KOSDAQ Listed Companies Association, Korea Securities Depository

Functions: Self-regulatory body & Trade association

• Self-regulatory functions to maintain prudent business practices
• Dispute Resolution
• Deliberation of investment advertisements
• Research and study of related regulations on financial investment services
• Policy recommendation to the government and other related organizations
• OTC trading of stocks listed neither on the Stock Market Division nor KOSDAQ Market Division of the Korea Exchange
• Formulation, amendment, repeal and implementation of business standards for members on OTC derivatives
• Pre-review of new OTC derivatives
• Registration and management of financial professionals
• Maintenance and management of the disciplinary records of executives and employees of KOFIA™'s members
• Data management and disclosure on debt securities trading
• Business support for its members and promotion of mutual interests
• Professional Education
• Investor education

Regulatory Info

Financial Investment Services and Capital Markets Act

• KOFIA Link
  
  
• FSC (Financial Services Commission) Link
  
  
• FSS (Financial Supervisory Services) Link

Association Members

Seo Yoo Seok Chairman & CEO

Sung Hwan Yoon Director of Int'l Affairs Dept Tel : +82 2 2003 9280 ysh@kofia.or.kr