Kofia moves to prop up investment in India

By Son Ji-hyoung
  • Published : Jul 7, 2018 - 00:48
  • Updated : Jul 7, 2018 - 00:50

Representatives from South Korean financial investment companies have discussed ways to boost ties with Indian capital market officials and to explore Korean investment opportunities in India during their four-day trip to the country.

The team of representatives, composed of chief executives of three securities firms -- Daishin, IBK and Hanwha -- four asset management firms -- Samsung, Shinhan BNP Paribas, Kiwoom and Mirae Asset -- as well as Kwon Yong-won, head of the Korea Financial Investment Association, was invited by Bombay Stock Exchange Brokers Forum, an association comprising of intermediaries in Indian capital markets.

During the visit starting Tuesday, the Korean representatives travelled to cities including Bangalore and Mumbai, according to the Kofia.

In Bangalore, Korean representatives met officials of venture capital firm Kalaari Capital, online wealth management service provider Wipro and the National Association of Software and Services Companies. 

Kofia Chairman Kwon Yong-won (fourth from left, front row), representatives of Korean financial investment companies and officials of Kalaari Capital and BBF pose at the headquarters of Kalaari Capital on Wednesday. (Kofia)
Kofia Chairman Kwon Yong-won (fifth from left), Korean financial investment company representatives and officials of Nasscom and BBF pose at the headquarters of Nasscom on Wednesday. (Kofia)
Also in Mumbai, Korean officials visited Bombay Stock Exchange headquarters and exchanged views on infrastructure investment opportunities in India with officials of India‘s National Investment and Infrastructure Fund, and Infrastructure Leasing & Financial Services.

On Friday, the Kofia and the BBF jointly held a forum designed to promote bilateral capital market cooperation, as well as a roundtable session.

Kwon of Kofia discussed on Friday with the BBF ways for Korean investors to stimulate stock purchase and alternative investment in India, in signing a new memorandum of understanding between Kofia and BBF updated from one in 2014. Offers by Kwon also included exporting Korea’s homegrown online trading system to India and seeking capital investment in financial technology companies in India.

By Son Ji-hyoung