The Stock Exchange of Thailand (SET) and Korea Financial Investment Association (KOFIA) have signed a memorandum of understanding (MOU) to expand collaboration in capital market education development, strengthening the bilateral relations in both capital markets.
SET President Kesara Manchusree said, “The capital market’s knowledge is a significant foundation in developing towards strength and sustainability. We are really delighted to join hands in a cooperative education program with KOFIA, a self-regulatory organization devoted to promoting self-regulation in the Korean financial investment and capital markets. KOFIA’s role in protecting the interests of investors and providing continuing education for industry professionals is inspiring.”
“The MOU between SET and KOFIA aims to initiate education and training programs, by sharing and exchanging knowledge and experience related to our capital markets. It covers programs for professionals and investors, as well as an exchange program on human resources through one-site visit and on-the-job training. We strongly hope that this will help broaden and increase the capital market’s expertise, resulting in SET’s enhanced financial and investment literacy for industry professionals and Thai retail investors. Significantly, there are about 5 million Korea’s retail investors, or 10 percent of the total population. To achieve our shared goals and mutual benefits, as well as supporting the long-term sustainable capital market development, the MOU will be valid for a period of five years, from 2014 to 2019,” Kesara added.
Jong Soo Park, Chairman of Korea Financial Investment Association, said that “KOFIA is delighted to begin an important collaboration to strengthen relationship with SET. The MOU will provide a foundation for promoting capital market business opportunities in Korea and Thailand. It is also a good opportunities to develop networking mechanisms and business matching activities for broker members and listed companies in KOFIA and SET in the future”