<p>South Korea is holding a joint two-day <a href="https://www.fsc.go.kr/no010101/81899?srchCtgry&#61;&amp;curPage&#61;&amp;srchKey&#61;&amp;srchText&#61;&amp;srchBeginDt&#61;&amp;srchEndDt&#61;" rel="noopener noreferrer nofollow">conference</a> with the Organization for Economic Co-operation and Development (OECD) on Monday to discuss digital finance in the member countries of the Association of Southeast Asian Nations (ASEAN).</p><p>Held in partnership with Korea’s Financial Services Commission (FSC) and the Korea Institute of Finance (KIF), the event was titled “OECD-FSC-KIF Roundtable on Digital Finance in ASEAN.” The roundtable intends to bring together many financial experts and high-ranking regulators worldwide, sharing the trend of digital financial frameworks in the ASEAN region while seeking solutions to emerging risks following financial digitalization.</p><h3 id="two-day-event-focusing-on-digital-assets-and-ai">Two-day event focusing on digital assets and AI</h3><p>The first day focused on the global market trend relative to digital assets such as central bank digital currency (CBDC) and virtual assets. FSC Vice Chairman Kim So-young, KIF Chairman Lee Hang-yong and OECD Director for Financial and Enterprise Affairs Carmine Di Noia delivered opening remarks, followed by discussion sessions joined by expert panelists.</p><p>Among the first day’s roundtable agendas were: “Digital assets, CBDCs, tokenization and DLT-based finance: the Asian perspective,” “The limits of DeFi in terms for financial inclusion: Lessons from ASEAN,” “DeFi and crypto assets in ASEAN and beyond” and “Cyber-security in the financial sector.”</p><p>The second day focuses on leveraging artificial intelligence (AI) in financial sectors, with sessions titled “Artificial intelligence in Finance: the Asian perspective” and “Generative Artificial Intelligence in Finance in Asia and ASEAN.”</p><h3 id="south-korea-s-commitment-to-bolstering-global-financial-cooperation">South Korea’s commitment to bolstering global financial cooperation</h3><p>During the roundtable, the FSC Vice Chairman Kim vowed to strengthen global financial cooperation with ASEAN countries.</p><p>“(We) will continue strengthening our cooperation with other global partners, including ASEAN countries and international organizations, to share latest trends in finance and maintain our system in line with the international regulation norms,” said Kim.</p><p></p>

South Korea and OECD hold roundtable on ASEAN digital finance

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