Regular general meeting held on the 25th...
"Pursuing field-centered, rational institutional reforms"
The Korea Fintech Industry Association announced on the 25th that it had elected Kim Jonghyun, CEO of Kukon, as its 6th president at the regular general meeting held at the Bank Hall in Jung-gu, Seoul.
Kim Jonghyun, 6th president of the Korean Fintech Industry Association (CEO of Kukon). Korean Fintech Industry Association
At the regular general meeting, President Kim won 70.09% of the on-site vote. His two-year term runs until February 17, 2028.
President Kim has been active for over 20 years in key fintech areas such as data, payments, and stablecoins.
He previously served as head of the Webcash Research Institute and is currently serving as CEO of Kukon. He has also accumulated broad experience in both industry and policy fields, including serving as a civilian member of the Presidential Committee on Digital Platform Government.
In particular, he has operated businesses based on multiple licenses, including electronic financial business, MyData business (personal credit information management business), foreign exchange business, and data-specialized institution licenses, and he has a solid understanding of the relevant systems and industrial environment.
In his inaugural address, President Kim said, "It is an honor to be entrusted with this important role in the 10th anniversary year of the association's founding," adding, "If the past 10 years were a time that led the birth and growth of fintech, we will now open a new era of leap forward by linking voices from the field to policy and turning regulation into opportunity."
He then presented five key strategic tasks for a renewed leap forward of the fintech industry.
The five tasks are: promoting the association's status as a statutory organization and strengthening communication systems; building shared infrastructure such as information technology (IT) audits and regtech; creating a negative regulatory environment by presenting reasonable policy alternatives; enhancing member companies' corporate value through investment attraction and overseas expansion; and strengthening communication and networking among member companies.
President Kim said, "It is not regulation itself, but blanket regulation that fails to reflect on-the-ground realities that becomes an obstacle to innovation," stressing, "By shifting to a reasonable paradigm of 'allowing what is possible and regulating only areas that pose problems,' taking into account the field conditions and risk levels of each business sector, we will bring about changes that our member companies can truly feel."
He added, "Together with our member companies, which have been standing on the front lines of the fintech industry in Korea, we will do our utmost to carry out these key tasks and build an association that delivers tangible results."
Meanwhile, at the regular general meeting held on the same day, the 6th board members, including vice presidents, directors, and auditors, were elected. Bidex was elected as a new vice president company, and Eightpercent and Jeulgeouni were elected as new director companies.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
