Rep. Kim Byeong-wook holds an online seminar on’Private Equity Fund Regulation Rationalization Plan’

Democratic Party lawmaker Kim Byung-wook will hold an online seminar on the theme of’Private Equity Regulations Rationalization for Financial Consumer Protection and Capital Market Development’ at 2 pm on the 16th.

This seminar is an in-depth discussion on ways to address the side effects of private equity funds and improve irrational regulations. Rep. Kim Byung-wook’s office was prepared with the National Assembly Legislative Investigation Office, and can be viewed live on Kim Byung-wook TV YouTube without prior registration.

The event will be presented by Hyeok-sun Ryu, Professor of the Department of Economics at Sungshin Women’s University, and Professor Hyeok-sun Ryu, Professor Yong-rin Park of the Department of Business Administration, and Su-Hwan Lee, an investigator at the National Assembly Legislative Research 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 said, “Despite the booming capital market, the private equity market, which is regarded 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 every day. “If trust in the entire private equity market is greatly reduced, it could affect the process of investment in innovative companies, corporate restructuring, and M&A, thereby reducing the vitality of our economy.”

At the same time, “We will look into the current situation and problems of the current private equity system in Korea, and strengthen the financial consumer protection system so that similar financial accidents do not recur, so that private equity funds are not neglected from the market.” In the process of resolving the side effects of this, private equity funds, which provide sound risk capital, protect financial consumers from diminishing their net function, restore trust, and discuss the bill with insights so that private equity funds can contribute to the innovative growth of the Korean economy. I will put it in the process,” he added.