Korean asset managers are being nudged towards setting up shop in emerging Asia – witness a recent CEO delegation to Vietnam – but they first need to make changes at home.
The Financial Services Commission says it will approve a licence for an online funds supermarket as soon as possible, to be fully operational by March. The aim is to cut costs and create a competitive distribution landscape.
Investors, consultants, insurers and government officials mingled at AsianInvestor’s 7th annual Korea Institutional Investment Forum in Seoul on July 11. Here we present a photo gallery.
Industry firms stump up nearly $20 million in seed capital in order to finance a state-backed online venture meant to reduce traditional distributors’ stranglehold.
The Korean trade association will seek help from global consultants to build a funds supermarket online. It aims to foster competition for foreign-owned firms and drive down distribution costs.
The Korean financial industry association is putting together ideas to present to regulators and ministries in a bid to promote investments into long-term vehicles.