KOFIA establishes new team to support digital asset business expansion

The Korea Financial Investment Association (KOFIA) announced a reorganization on Jan. 30 that includes the creation of a new Digital Strategy Team to support its member firms' expansion into digital assets, Dailian reported. The new team will operate within the Industry Cooperation Department under the newly established K-Capital Market Division, which will also oversee pensions and taxation. Its primary goal is to assist member companies with their business in areas such as security tokens and other virtual asset-related financial products.