In Mo Seong is a financial investment industry expert with nearly 35 years of experience at the Korea Financial Investment Association (KOFIA). He advises on various issues based on his extensive experience in securities, asset management, real estate trusts, investment advisory, pensions, taxes, and self-regulation.

During his long career at KOFIA, Mr. Seong undertook the administration and management of the stock market stabilization fund, which was established in May 1990 to restore the stock market after the market crash. In 2001, when the KOSDAQ market was gaining momentum, he played a key role in developing a system for inspecting unfair trading practices. Additionally, he led the introduction of the current book-building system and the bond trading system (“K-Bond”), which enhanced transparency in the primary and secondary bond markets. His experience in revising the QIB system and Standard Bond Management Agreement enabled him to advice on the relevant business regulations. He has also been involved in legislative and regulatory reform tasks.

He has also actively participated in the regulatory efforts to facilitate corporate financing by financial investment companies. He has contributed to the revisions of the Capital Market Act and its regulations, focusing on areas relating to comprehensive financial investment companies, specialized securities companies for SMEs, expansion of corporate credit offerings, ethical wall regulations, and credit offerings to overseas corporations. He is knowledgeable on issues related to the Act and regulations.

Mr. Seong has a deep understanding of policies related to personal wealth management. He has been involved in the adoption of the Individual Savings Account (ISA), the default option for retirement pensions, fund supermarkets, door-to-door sales of financial investment products, and transfer of pension saving accounts between distributors, and the expansion of tax benefits for private equity fund of funds and high-yield funds.

He has also actively contributed to regulatory improvement initiatives, specifically in response to feedbacks and requests from foreign securities firms and asset management companies doing business in Korea. His contribution included advocating for the abolishment of the foreign investor registration system, addressing concerns regarding unpredictable short selling restriction periods, introducing a principle-based firewall regulations, proposing exceptions to network separation rules, streamlining the registration process for offshore funds, and enhancing tax schemes for funds.