[2009/10/13]

Koscom settled MoU with KOFES

Koscom(CEO Kim Kwang Hyun), a leading financial IT solution provider, announced on October 13 that it contracted MoU with Korean Financial Engineering Society(KOFES ; Co-Chairman Oh Gap Soo, Vice president of SC First Bank, and Jung Dong Myung, Professor of Mathematics at the Catholic University of Korea). KOFES and Koscom will collaborate for the practical development of financial engineering.

Under the MoU, Koscom will support pertinent seminars and personnel training and development of the financial engineering field. And both sides will collaborate in planning related policies for public infrastructure of the derivatives trading such as building the comprehensive information management system and standardizing the trading platform for OTC derivatives etc.

CEO Kim welcomed the MoU and said, "It is an honor to contribute to the development of financial engineering field, and Koscom comes to enforce the compatibility of its IB solution service with the reflection of the financial theories and techniques researched and presented by KOFES hereafter.

KOFES was founded on February 2006 to contribute to the development of domestic derivatives market by sharing financial theories and knowledge as well as enhancing network between academic researchers and practical practitioners. It currently holds many experts as its members from the business, engineering and financial industry. 

(The End)