On the 9th, Korea Financial Investment Association President Hwang Seong-yeop met at the association with Hishida Yoshio, global asset management head of Japan's Mitsui Sumitomo Trust Group, to discuss ways to expand exchanges and cooperation between the Korean and Japanese financial investment industries.
In April, the Japan Investment Management Association (JIMA) is scheduled to launch. Hishida, who has been selected as the inaugural president, explained at this meeting the association's founding purpose and vision, launching in line with the Japanese government's policy to foster an asset management hub. He also formally proposed strengthening cooperation, including signing a memorandum of understanding (MOU) between the two organizations, by benchmarking the Korea Financial Investment Association's operational experience.
Hwang said, "The asset management expertise of the Mitsui Sumitomo Trust Group, which has a tradition of more than 100 years, carries significant implications for the entire asset management industry."
Hwang added, "We hope this meeting will serve as an opportunity to expand practical cooperation between the financial investment industries of both countries."
The Korea Financial Investment Association said the meeting is seen as an opportunity to proactively lay the groundwork for cooperation with the Japanese side, as Japan is pursuing the asset management industry as a national strategic task.