Kim Sung-hwan, CEO of Korea Investment & Securities, has been appointed as the Vice Chairman of the Korea Financial Investment Association (KFIA).
The KFIA announced on September 4 that it held its first extraordinary general meeting for 2026, during which Kim was elected as Vice Chairman. His term will begin on September 5 and last until September 4, 2028.
Born in 1969, Kim graduated from Korea University with a degree in economics and completed a doctoral program at Konkuk University’s Graduate School of Real Estate. He has held various positions at Korea Investment & Securities, including Group Head of Investment Banking (Executive Vice President) and Head of the Retail Customer Group (Senior Vice President), before becoming CEO. With extensive experience in corporate finance and retail sectors, he is expected to convey the voices of the investment industry to the association. His background in real estate project financing and investment banking will be crucial as he addresses pressing issues facing the securities industry.
Currently, the financial investment sector is grappling with several key challenges, including the need for regulatory adjustments following the abolition of the financial investment income tax, the enhancement of the retirement pension market, and the activation of comprehensive investment accounts (IMA), which are seen as new revenue sources for large investment banks. Additionally, expanding venture capital supply and strengthening corporate finance competitiveness are also critical tasks for the industry.
The KFIA board consists of the Chairman, Vice Chairman, Chair of the Self-Regulatory Committee, member directors, and public interest directors. As Vice Chairman representing Korea Investment & Securities, Kim will participate in discussions on major industry issues.
The connection between Korea Investment & Securities and the KFIA's Vice Chairman position has lasted over a decade. Former CEO Yoo Sang-ho was appointed Vice Chairman in 2014. Yoo, who led Korea Investment & Securities from 2007 to 2018, is recognized as a prominent figure in the industry. Following him, Jeong Il-moon, another former CEO, also served as Vice Chairman in 2023.
A source in the financial investment industry stated, "With three past and present CEOs of Korea Investment & Securities consecutively taking on the role of Vice Chairman at the KFIA, the firm has reaffirmed its presence in the industry. It will be interesting to see if Kim can serve as a bridge to convey the voices of the investment sector to policymakers and the market, leveraging his experience in investment banking and retail operations."
* This article has been translated by AI.
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