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Investment advisory business in Korea

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Frame of Image ough developing innovative managing skills, ③ complements to the manpower of securities firms and asset managers and ④ may improve the selling channel of financial instruments with independent and unbiased consultation. □ Since the foundation of Financial Investment Services and Capital Markets Act (FSCMA) in 2009, investment advisory business has developed in quantity basis, but its managing skills are still behind and since its diversification and speciality are below average, thus it is thought to be that there are still many problems remaining in forming a competition structure. □ Especially problems of insufficient information disclosure of investment adviser, tepid attitude from the supervising authorities and lowered reliability due to pseudo investment advisers need to be resolved ASAP. □ In order to achieve sound growth of investment advisory business, the following needs to be promoted: ① vitalizing small-and-medium-sized hedge fund by alleviating conditions on the capital conditions, ② reinforcing qualitative conditions and improving effectiveness on regulations so as to gain credibility in the market, ③ allowing performance compensation according to the characteristics of investment advising, ④ differentiating from the financial advisory business, and, ⑤ protecting pseudo advisory business from being misconceived as officially proved investment advisory business.
* Opinions expressed are those of the author and do not necessarily reflect the official positions of


Full Text
Title Investment advisory business in Korea
Similar Titles
Material Type Reports
Author(English)

Song, Min-Kyu

Publisher

Korea Institute of Finance

Date 2012-06
Journal Title; Vol./Issue Weekly Financial Review:21/25
Pages 15
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic System
Economy < Direct Investment
Holding Korea Institute of Finance