President’s Message

President’s Message


Dear KAFA Members, Friends, and Supporters:

I hope all KAFA members and families stay healthy and productive summer. Although we are faced on the high inflation, high energy prices, raising interest rate, war-related disruptions, and raising the risk of global recession, I am happy to see that we almost overcome all difficult pandemic situations, and we can meet each other face to face at the FMA annual meeting in Atlanta GA.

First of all, I am very pleased to announce that Professor Ha-Chin Yi at the Texas State University has been elected as President-elect, who will join our next President, Professor Unyong (Howard) Pyo, Brock University to serve KAFA from October 2022.

Please join me in welcoming our new executive officers, board members, and committee members: Executive Board Member: Dr. Jaemin Kim, San Diego State University, Dr. Sang Mook Lee, Pennsylvania State University, Great Valley, Dr. Hong Lee, Wright State University, and Paper Review Committee Member: Dr. Jung Hoon Lee, Vanderbilt University.

With generous financial support from Financial News (FN), Shinhan Hope Foundation (SHF), D.K. Kim Foundation (DKKF), and the Bong Soo Lee Scholarship Fund, we can continue to recognize KAFA members’ outstanding scholarship achievements through various awards, including the FN-KAFA Eminent Scholar Award, D.K. Kim Distinguished Scholar Award, the SHB-KAFA Young Scholar award, the FN-KAFA Top-Journal Paper Award, the SHB-KAFA Best Paper Award, the Dr. Bong-Soo Lee Memorial Scholarship, the FN-KAFA Doctoral Student Dissertation Award, and the SHB-KAFA Scholarships for Ph.D. Students. These awards have been possible due to generous support of Chairman Jae-Ho Jeon and Vice Chairman Seonik Jeon at FN, the Shinhan Hope Foundation, Chairman Dong Koo Kim, and Chris and Paul Lee. I congratulate all the award recipients and deeply appreciate the Review Committee, Nomination Committee, and Award Selection Committee members for their efforts and time.

KAFA continues to offer two special sessions at the 2022 annual FMA meeting. The first one is Korea session with the Bank of Korea (Special Session 125 on Oct 21st, 9:00 to 10:30 a.m., ET) and the second one is Asia session (Special Session 152 on Oct 21st, 11:00 a.m. to 12:00 p.m., ET). I specially appreciate to the Bank of Korea, who jointly host Korea Session. Professor Unyong Pyo will chair Session 152 (Asia session), and I will chair Session 125 (Korea Session). Session details can be found later in this newsletter. I strongly encourage all KAFA members to attend both KAFA sessions. The attendance by KAFA members is critical to continue the special KAFA sessions in the future FMA meetings. The annual business meeting is scheduled for Oct 21 (Friday), 5:30 p.m. to 6:45 p.m., ET) and annual dinner will be held after the meeting.

This year KAFA continued to hold monthly Brown Bag Seminars. Scholars all around the world have participated in the seminars. It is important channel to communicate and encourage academic scholarly activities for KAFA members. I really appreciate Professor Sang Mook Lee for organizing the seminars. I am also thankful for all presenters, discussants, and active participants.

This December, selected KAFA members will participate in the annual Asia-Pacific Financial Markets (CAFM) Conference. I appreciate our members’ continued interest in and support for these collaborations with partner associations in Korea.

Last year, KAFA has established the “KAFA Development Fund” with the fund transferred from our bank account in Korea and donations from the KAFA members, including the officers and directors. I am thankful for the Fund Management Committee’s efforts, time and expertise. We are targeting $200,000 by Year 2025. To achieve this goal, we need active participation in the fundraising by KAFA members. Please help us to achieve the goal and to have sustainable funding to support more academic activities and Ph.D. students under financially difficult situation. Please send a check to KAFA Treasurer, Dr. Taek Yul Kim, 50 Sharpless St., West Chester University, BPMC 427, West Chester, PA 19383.

Finally, I encourage all KAFA members to attend the KAFA Annual General Meeting as well as
the KAFA Dinner scheduled on Friday. It would be nice to meet you at the dinner place and say hello to all members. I am so grateful to the Bank of Korea for sponsoring the KAFA Dinner meeting.

It has been a great honor to serve KAFA as president for the past year. I would like to express my sincere gratitude to Professors Unyong Pyo, Won Yong Kim, and Taek-yul Kim. They have worked tirelessly as great team members. Without them, I could not have done my job.

I look forward to seeing you all in Atlanta, GA.



Young Sang Kim

2021-2022 KAFA President

Northern Kentucky University