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KOFIA overhauls organisation, launches K capital market division

The Korea Financial Investment Association said it has carried out a major organisational overhaul to prepare a long-term growth strategy for the K capital market. The group will expand to a seven-division structure and launch a new K capital market division and task force. It will also add a digital strategy team to support tokenised securities and virtual assets, elevate its real estate trust unit and create new external cooperation and legal support departments.