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Shinyoung Securities CEO Hwang elected new KOFIA chairman
Hwang Seong-yeop, co-CEO of Shinyoung Securities
By Jun Ji-hye
Hwang Seong-yeop, co-CEO of Shinyoung Securities, was elected Thursday as the seventh chairman of the Korea Financial Investment Association (KOFIA). His three-year term will run from January next year through December 2028.
According to the association, Hwang secured 57.36 percent of the vote in a runoff ballot, defeating Lee Hyun-seung, former CEO of KB Asset Management, who received 41.81 percent.
After winning the election, Hwang told reporters that “pensions” and the “capital market” would be the main priorities of his term.
“I aim to foster a long-term investment culture, redirect idle liquidity into the capital market and help support the country’s strategic industries,” he said. “I will take time to listen closely to industry concerns and explore effective policy responses.”
Born in 1963, Hwang joined Shinyoung Securities in 1987 and has spent nearly four decades at the company. He is widely regarded as a capital markets expert, having led most of the firm’s major divisions, including asset management, institutional business and investment banking.
KOFIA has 399 full member firms, comprising 60 securities companies, 322 asset managers, 14 trust firms and three futures companies. The chair is elected through a weighted voting system that combines a 30 percent equal-share vote for each full member with a 70 percent vote weighted by the amount of membership fees paid during the year. Under this structure, firms that contribute larger fees wield greater influence, meaning large securities companies typically play a decisive role compared with asset managers or smaller brokerage houses.