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The Korean public fund industry has undergone significant structural changes amid the rapid growth of Exchange-Traded Funds (ETFs). Traditional mutual funds—once the main driver of market expansion—have seen stagnating growth and declinin...
The exponential advancement of Artificial Intelligence (AI) technology, particularly the Transformer architecture and Large Language Mod...
Open-end funds provide investors with a high level of liquidity. However, their structure, which guarantees redemptions regardless of the actual liquidity of the underlying assets, creates fairness issues among investors. Specifically, transaction co...
This study examines the financial challenges that may arise as Korea transitions to an aging economy and discusses institutional and policy responses for each of the major asset classes held by older households. Korea's aging population is p...