Seo Yoo-seok, the new head of the Korea Financial Investment Association (KOFIA), is tasked with alleviating the ongoing stock market turmoil and lingering risks surrounding the liquidity crunch in the real project financing market. The former leader of Mirae Asset Global Investments will take office as the sixth chairman of the association from the start of 2023 with a three-year tenure. Seo made headlines as he is the first to take the position from the asset management industry.