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Greetings

Dear esteemed member of the Korean Finance Association,

Greetings, I am Professor of Chae, Joon of Seoul National University, serving as the 37th President of the Korean Finance Association. As we usher in the new year of 2024, I extend my sincere wishes for the boundless progress of your academic activities and various responsibilities.

Since its establishment in 1987, our finance association has been at the forefront of academic research in finance and finance-related fields both domestically and internationally. We have contributed to the development of the financial industry in Korea through various proposals for institutional improvements and the cultivation of financial talents. All these achievements were made possible through the dedication of past executives and the active participation of our members. To continue this history and tradition, the 37th executive committee aims to implement the following through in-depth discussions with the members:

Firstly, we will actively engage in initiatives for the association and members that will lead the future generations. The acquisition of new members and the active participation of members in society's activities are crucial cornerstones for the continuation and development of the finance association's traditions. We will inherit and develop the support mechanisms for members created by past presidents, particularly considering ways to support doctoral students in finance, members of our association in the future.

Secondly, we will continue to support the internationalization of the Asian Review of Financial Research. We are aware of the efforts of many individuals that led to the inclusion of in SCOPUS. Beyond this, the 37th Finance Association will continuously pursue projects aiming for SSCI inclusion. The association is a forum where scholars, the creators of knowledge, exchange ideas, and the journal is the document where this created knowledge accumulates. I believe that when the created knowledge is not confined to the domestic sphere but widely disseminated internationally, and more knowledge is generated through personal and intellectual exchanges, the association achieves its fundamental goals. Therefore, I will actively pursue the internationalization of < Asian Review of Financial Research > and promote vigorous international exchanges.

Thirdly, I will strive for a more independent financial position for the association. The collaboration between academia and industry has been mutually beneficial due to the necessity of industry-academia cooperation. In this context, the industry has been an important source of resources for the association. However, excessive reliance of academia on the industry for resources could potentially undermine the independence of scholarship. While continuing support through industry-academia cooperation, the association also needs to independently secure some of its finances.

Respected members of the Korean Finance Association,
Our economy is rapidly recovering from the unprecedented crisis of COVID-19, but we find ourselves in a situation where optimism about the future is not guaranteed due to the potential crises in domestic and international politics and economics. In such circumstances, the Korean Finance Association will strive to maintain leadership in the academic research of finance while fulfilling its societal responsibility to present the direction for the advancement of Korean society and economy.




January 2024, Prof. Chae, Joon

President, 37th Korean Finance Association