Korea Capital Market Institute

Korea’s Introduction of IFAs and the Challenges Ahead [Senior Research Fellow] Choi, Soon Young Korea has recently introduced the independent financial advisor (IFA) scheme, which intends to broaden the base of the financial advisory services market and give small investors access to customized wealth management. The new scheme requires that IFAs receive fees from their clients only, and are banned from receiving commissions from product distributors. For the IFA market t... A Reconsideration of Long-Suspended Stock Valuation in Fund Portfolios [Research Fellow] Kwon, Min Kyeong Almost one year has passed since the Korea Exchange suspended the trading of Daewoo Shipbuilding & Marine Engineering shares. Although there have been many events that could affect the stock’s value since the trading suspension, many publicly offered funds are still using the stocks’ closing price of the suspension day to compute the net asset value. A misguided method to compu...