The Korea Financial Investment Association will set up a dedicated unit to oversee a medium- to long-term growth strategy for the K capital market. With the advent of the KOSPI 5000 era, the plan is to bring together core policy functions such as pensions, tax policy, and digital asset to strengthen capital market competitiveness.
The Korea Financial Investment Association said on Jan. 30 it will carry out an organizational reshuffle and executive appointments effective Feb. 9. With this overhaul, the association's structure will be reorganized from six divisions, 24 departments, and 15 teams to seven divisions, 25 departments, and 10 teams.
The centerpiece of this reorganization is the launch of the K Capital Market Division. Under the K Capital Market Division, a K Capital Market Task Force will be created to identify and drive policy tasks, and a Digital Strategy Team will be newly established within the Industry Cooperation Department to support digital asset businesses such as financial products related to virtual asset. To enhance synergies between member firms' pension and tax operations, the existing Tax Team was merged into the Pension Department to create the Pension and Tax Department.
The reorganization will also strengthen support systems centered on the new departments. To provide more specialized support for real estate trust companies, the association will establish a Real Estate Trust Division and operate it as an independent division. In addition, to bolster legislative support and external cooperation related to the capital market and the financial investment industry, the existing External Cooperation Team and Legal Team were elevated to the External Cooperation Department and Legal Support Department, respectively.
The support system for regional member firms was also adjusted. To strengthen support for member firms in the Busan–Ulsan–Gyeongnam region, the Busan Branch will be transferred to the Securities and Futures Division.
Meanwhile, to improve work efficiency through integrated operations within departments, the association decided to abolish the Public Relations Team and Social Contribution Team within the Public Relations Department, the Planning Team within the Strategy Planning Department, and the Regulation Planning Team within the Self-Regulation Planning Department.
An official at the Korea Financial Investment Association said, "With this organizational reorganization, we plan to present a long-term vision for the capital market while providing services that can resolve member firms' urgent tasks more quickly and professionally."