How Korea fund firms must adapt to succeed abroad

With life becoming tougher for Korean asset managers at home, the Korea Financial Investment Association (Kofia) is urging them to expand into emerging Asian markets. Hence the recent industry delegation that visited Vietnam in March, with more such moves potentially on the cards elsewhere in the region. The chief executives of 30 Korean asset managers travelled to Hanoi and Ho Chi Minh City last month to meet regulators and executives in the local financial services community. Th…