Discussion on’Private Equity Fund Regulatory Rationalization Plan for Financial Consumer Protection and Capital Market Development’
In addition, Democratic Party Rep. Kim Byung-wook (secretary of the Political Affairs Committee, Bundang-gu) will hold a seminar online at 2 pm on the 16th to seek’plans for financial consumer protection and capital market development’.
As the necessity of strengthening financial consumer protection has emerged as the recent large-scale suspension of redemption of private equity funds, it was prepared with the legislative investigation department of the National Assembly to in-depth discussions on ways to resolve side effects of private equity funds and improve unreasonable regulations. did.
This seminar will be presented by Hyeok-sun Ryu, Professor of the Department of Economics at Sungshin Women’s University, and Professor Hyeok-sun Ryu, Senior Researcher at the Capital Market Research Institute, Yong-rin Park, and Soo-Hwan Lee, an investigator at the National Assembly Legislative Investigation Department. Following this, Sang-beom Ko, manager of the Financial Services Commission, Jae-wan Seo, team leader of the Financial Supervisory Service, Won-jin Choi, a partner of JKL Partners, and Hyung-jun Lim, a senior researcher at the Financial Research Institute, will conduct the discussion.
Rep. Kim Byeong-wook said, “Despite the booming capital market, the private equity market, which is considered as a representative venture capital in the capital market, is shrinking.” “Due to illegal activities of private equity managers, incomplete sales of fund sellers, and suspension of repurchases that burst out every day. If trust in the entire private equity market is greatly reduced, it can affect the process of investment in innovative companies, corporate restructuring, and M&A, thereby reducing the vitality of our economy.”
“We will look deeply into the current situation and problems of the current private equity system in Korea, and strengthen financial consumer protection devices to prevent similar financial accidents from reoccurring, so that private equity funds are not neglected from the market.” In the process of resolving the side effects of the fund, the private equity fund’s net function, which supplies sound venture capital, is not diminished, thereby restoring trust by protecting financial consumers thickly. I will include it in the process of discussion.”
Meanwhile, Rep. Kim Byeong-wook proposed the Capital Markets Act last year on the reform of the private equity regulation system, which contains measures to protect investors from the private equity crisis.
This seminar is held online to prevent the spread of Corona 19, and can be viewed live on Kim Byeong-wook TV YouTube without prior registration.
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