Activity 2014

Year 2014



  1. Two KAFA-FMA special sessions at the 2013 FMA annual meeting in Chicago, IL


We greatly appreciate the generous support by the Institute of Finance and Banking, Seoul National University in providing breakfast to those attendees in two special sessions at 2013 FMA meetings.


  • Institutional Investors in the Korean Equity Market - Friday, October 18, 8:30 am - 10:00 am


Moderator: Youngsoo Kim, University of Regina




  • Bum J Kim, Soongsil University, “Institutional investors in Korea: Current status and issues”
  • Jongkyu Park, Korea Institute of Finance, “Comparison of domestic versus foreign institutions' investments in the Korean bond market”
  • Hong Sun Song, Korea Institute of Finance “Informed trading by institutional investors before earnings shock”
  • Kyojik "Roy" Song, Sungkyunkwan University, “Individual investors and trading imbalances in the Korean stock”


  • Issues in International finance Friday, October 18 10:15 - 11:45 am


Moderator: Bongchan Kho, Seoul National University




  • Douglas Cumming, York University
  • David Tat-Chee Ng, Cornell University
  • Lilian Ng, University of Wisconsin


  1. Joint Seminar with Korea Capital Market Institute (KCMI) in Seoul, Korea on December 6, 2014


  • Bong Soo Lee, Florida State University, “Who Mimics Whom in the Mutual Fund Market?: Evidence from the Korean Mutual Fund Market”
  • Jin-Mo Kim, Rutgers University, “Hedge Fund Piggyback Investing”
  • Peter Chung, University of California at Riverside, “Predicting Mutual Fund Performance: The Win-Loss Record as an Ability Signal”
  • Hugh Hoikwang Kim, Sungkyunkwan University, “Contagious Runs in Money Market Funds and the Impact of a Government Guarantee”


  1. The Seventh International Conference on Asia-Pacific Financial Markets (CAFM 2014) held by Korean Securities Association (KSA) in Seoul, Korea on Saturday, December 8, 2014


In addition to many independent participants of KAFA members, the following members presented their papers selected by the KAFA review committee:


  • Bae, Sung C., Bowling Green State University, “Informational Frictions, Syndicate Structure, and Loan Pricing: New Evidence from International Syndicated Lending.”
  • Jung Chul Park, Auburn University, “Agency Costs and Equity Mispricing.”


Call for Papers for Year 2014

  1. KAFA International Conference on Corporate organizational structure and value creation and Symposium on The Role of Financial markets In Creative Economy


KAFA is holding international conference and symposium on August 15, 2014 at the East-West Center of the University of Hawaii. 

The objective of the conference is to provide the forum for KAFA members to interact with prominent academics, practitioners, and policy makers. The theme of the conference is “corporate organizational structure and value creation”. KAFA members are encouraged to submit papers related to the theme of the conference.


Those wishing to present a paper at the Conference should submit their papers by April 15, 2014 to the program chair, Professor Kee-Hong Bae ( An external review committee will review the papers and decisions regarding acceptance will be made by April 30, 2014.


The KAFA will provide rooms plus partial travel supports (up to $1500) for presenting authors. Please contact Professor Byoun for further information (

  1. Call for papers for the Joint Conference with the KIF


The annual joint conference with the KIF and the KAFA will be held as a one-day conference. The date is June 3, 2013. While the main theme for this year’s conference is on the Effects of Financial Globalization: the Aftermath of Global Financial Crisis, papers dealing with general issues in financial/capital markets and related issues are also welcome.


  • Conference date: June 2, 2014
  • Submission deadline: March 31, 2014
  • Notification of the accepted papers: April 20, 2014
  • Submit papers to: Professor Chan-Wung Kim, President-Elect,
  • We expect 2 papers to be accepted for the presentation. KIF will provide research supports for the selected papers for presentation.
  • Note: When you submit your paper, please indicate the conference of your choice (e.g., KAFA joint conference with KIF).


  1. Call for papers for the Joint Conference with Allied Korea Finance Associations (KFAs)


As  in  previous  years,  we  expect  to  be  part  of  the  2014  joint  conference  with  Korean counterparts (KFAs) on May 30-May 31, 2014 at Kookmin Bank HRD Institute in Chonan. In anticipation of this conference, the KAFA would like to announce a call for papers.


  • Topics: Any finance area
  • Submission deadline: March 31, 2014
  • Notification of the accepted papers: April 20, 2014 (expect to be 6 papers)
  • Submit papers to: Professor Chan-Wung Kim, President-Elect,
  • KAFA and KFAs will provide research supports for all selected papers for presentation.
  • KAFA members presenting papers will be assigned to discuss other papers.
  • We strongly encourage all KAFA members (especially junior faculty and those who have not presented papers at the joint conference in the past) to submit papers.
  • Note: When you submit your paper, please indicate the conference of your choice (e.g., KAFA joint conference with KFAs).

Submit Your Good News

Due to the limited information, not all the activities are listed. Please send your good news (e.g., new publications, promotion, new job, etc.) to KAFA (