Choi Jong-koo, head of the Financial Services Commission of South Korea, has a meeting with South Korean financial companies in Indonesia on March 5 before his meeting with the head of the Otoritas Jasa Keuangan of Indonesia scheduled for March 6.
At the meeting with the head of the Financial Services Authority of Indonesia, he is going to propose more cooperation in the field of financial infrastructure and fintech while asking for help for a larger scale of business of South Korean financial companies in Indonesia. At present, 20 South Korean financial companies are running 24 offices and branches in Indonesia.
The Korea Banking Institute signs a memorandum of understanding (MOU) with its Indonesian counterpart during his meeting. According to the MOU, employees of South Korean financial companies are allowed to take the risk management qualification examination required for working in Indonesia in South Korea as well as Indonesia.
In the meantime, Chairman Choi Jong-koo takes part in the KOSDAQ Global IR Meeting in Hong Kong on March 7. The purpose of the meeting is to introduce innovative KOSDAQ-listed companies and organize meetings between investors and the companies. He is scheduled to deliver a speech on the South Korean government’s efforts for accounting reform, regulations on unfair business practices, etc.