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Ladies and gentlemen, I would like to welcome you to the 11th Seoul International Derivatives & Alternative Investments Conference. I would also like to give special thanks to the Financial Services Committee, Financial Supervisory Service, Korea Exchange, Koscom, Korea Financial Investment Association, Korea Securities Finance Corporation and Korea Securities Depository and many financial services companies for their sponsoring this event. You can hardly find a two-day international conference on derivatives & alternative investments in Korea. The time the Financial News first hosted this event 11 years ago was right after first trading index futures and subsequently treasury bond futures had begun. Despite rollercoaster rides since 2003, the futures markets have grown dramatically in depth as well as in breadth. Our conference has been able to position as a major event, to cover even alternative investments in its panels since last year. People on the main street tend to recall speculative trades like taking advantage of wild volatility in won/dollar rates. However, it’s almost impossible without derivatives to design return-risk mix to fit many diverse investors when interest rates are historically low and stocks are drifting sideways. It’s absurd to give up driving a car because it is perilous.One had better drive defensively with casualty insurance. Derivatives have a number of uses in structured products and/or hedging strategies. The main theme of this year’s conference is ‘Evolving Asian Markets & New Frontiers for Growth.’ On the day one of the conference, the issues of global economy such as U.S.’s exit strategy will bereviewed primarily and Asian derivatives markets later. On the day two, better alternative investment strategies in the uncertain world will be discussed. Distinguished guests, The government of President Park adopted ‘creative economy’ as the top priority in its policy agenda. At the core of the concept lies innovation. One cannot emphasize the importance of innovation in the financial services business too much. Derivatives are essential ingredients in designing structured products. Korea has already gained global competitiveness in the exchange-traded futures and options markets. Be it traditional stocks and bonds, or alternative assets like real properties, private equities and etc. One cannot stop attempting to try to satisfy clients’ needs. We hope the conference will servefor the purpose. The steaming weather is almost gone and the season of bearing fruit is near. We hope you all harvest the plenty from your hard work. Thank you. Seong C. Gweon, Ph.D. President & CEO The Financial News |