48 companies and 99 exhibition halls crowded
“Easy to listen to thanks to the expert’s direct explanation”
“I made a big leap in investing my retirement funds.”
Looking for people from the beginning of society to retirees in their 60s
《2024 Donga Investment Show opens… Investors flock in search of ‘stream of money’
As the flow of money is changing from ‘austerity’ to ‘easing’ due to the US Federal Reserve’s (Fed) ‘big cut’ and Korea’s base interest rate cut, the ‘2024 Donga Investment Show’ hosted by Dong-A Ilbo and Channel A ‘ opened at COEX in Gangnam-gu, Seoul on the 11th. This event was crowded with visitors looking for investment strategies in a zero-clock situation where uncertainty has increased due to internal and external economic variables. A total of 20 experts from different fields, including real estate investment strategy and retirement asset management, will give lectures. The event will be held at Hall B1 on the first floor of COEX until the 12th.》
“It was much more helpful to come and meet an expert and get advice instead of just watching YouTube videos on financial investment.” On the first day of the ‘2024 Donga Investment Show’ hosted by Dong-A Ilbo and Channel A, office worker Lee Young-soo (27), who visited the COEX event venue in Gangnam-gu, Seoul, said, “I am looking into retirement pension for tax deductions.”
On this day, the event venue was crowded with visitors of various generations, from college students and those in their 20s who came to the event for a ‘field class’ on the recommendation of a professor to people in their 60s who wanted to learn about retirement asset management strategies. In particular, it received a great response from visitors as it provided an opportunity to discuss investment strategies face-to-face with experts in a time of increased uncertainty such as domestic and international interest rate cuts, foreigners selling domestic stocks, and the U.S. presidential election in November.
At the Donga Investment Show event venue, which celebrated its 11th anniversary this year, there were 99 promotional booths set up by a total of 48 companies. KB Financial Group provides AI services such as KB Kookmin Bank’s Star Banking ‘AI Portfolio’ service, which provides customized fund portfolios for customers, and KB Securities’ ‘Stock AI’ service, which is the first domestic securities company to provide customized investment information using generative artificial intelligence (AI). We created a space to experience financial services. Shinhan Financial Group introduced customized products that reflect customer needs, including retirement pension solutions to prepare for retirement.
At the booth, on-site consultations from experts continued. Hana Financial Group’s experts came out in full force and attracted visitors who wanted consultation on asset management such as retirement pension. At the NH Nonghyup Financial Group public relations center, Nonghyup Bank’s college student volunteer group ‘N Dolphin’ also came out and provided consultation. Ahead of the implementation of Woori Financial Group’s retirement pension physical transfer system, experts from Woori Bank’s Pension Division provided retirement pension counseling to visitors, and experts from the Asset Management Consulting Center provided asset management counseling. Kim Chi-ho (56) said, “I will be retiring in July, so I came here after seeing an advertisement in the newspaper while wondering how to manage my retirement funds. “It was good to be able to grasp the basic framework of investment,” he said.
IBK Industrial Bank of Korea introduced the ‘IBK Will Substitute Trust’ product for customers who are considering inheritance in the aging era. Lim Soon-gap (68) said, “It was beneficial to be able to consult with several financial companies in one place.”
The ‘Korea Fintech Support Center Pavilion’ prepared for this event gathered together fintech companies fostered by the Korea Fintech Support Center. Jin-ho Jeong, Vice President of KB Kookmin Bank, said, “There is a lot of interest in blockchain, etc., and it was an opportunity to get a glimpse of the technological capabilities of fintech companies.”
Major foreign guests also agreed that a ‘wise investment lifestyle’ is necessary at a time when the trend of monetary policy is changing from ‘tightening’ to ‘easing’. Financial Services Commission Chairman Kim Byeong-hwan said in his congratulatory address, “We expect that a wealth of useful information will be provided to help you establish a successful investment strategy.” Kim Sang-hoon, Chairman of the Policy Committee of the People Power Party, said, “Please show the potential that the Donga Investment Show has shown as a wise investment and investment guide for the past 10 years again this year.”
On this day, Woori Bank President Cho Byeong-gyu, NH Nonghyup Bank President Lee Seok-yong, Korea Federation of Banks Chairman Cho Yong-byeong, Life Insurance Association President Kim Cheol-joo, Credit Finance Association President Jeong Wan-gyu, Korea Federation of Savings Banks President Oh Hwa-kyung, Kakao Bank CEO Yoon Ho-young, Toss Bank CEO Lee Eun-mi, Korea Financial Telecommunications and Clearings Institute President Park Jong-seok, and Kim Cheol-woong, head of Korea Financial Transactions Bank. Key financial figures, including the head of the National Security Agency, also attended the opening ceremony.
Reporter Jeon Joo-young [email protected]
Reporter Shin Moo-kyung [email protected]
Reporter Kang Woo-seok [email protected]