On August 13th, 2012, CEMF (Center for Emerging Market Finance) 2012 Symposium took place in the R&D center auditorium of Chung-ang University. The College of Business Administration at Chung-Ang University aims to contribute academically by establishing Center for Emerging Market Finance (CEFM). The presentation began with an opening by Song Soo-young, director of the CEMF, followed by the vice president of Chung-Ang University, Jang Ji-in. Consecutive presentations of professors Kim Chang-kyun, Heo Seok-kyun, Park Yeon-woo from Chung-Ang University and professor Kim Kyoung-hwan from Sogang University followed. The last session was open discussion led by Jung Gwang-sun, an emeritus professor at Chung-Ang University. Yang Won-gun, the head of Korean Bank (KB) Financial Group Management Institute, Kim In-su, deputy head of the economy department at The Maeil business news paper, and Song Soo-young professor at Chung-Ang University, attended as panelists. During the last decade, Korea’s economy was focused rather on development than on preparation for an economic crisis. Since Korea’s economy can no longer gain the strength to go up, there are possibilities of decreasing in purchasing goods, and an increase in household debt- all of which will damage the stability of financial institution and ultimately result in deflation. Thus, many professors and experts in the financial world gathered at CEFM2012 Symposium to evaluate the problems of housing finance and household debt. They also suggested ways to maintain the stability of financial institution and simultaneously decrease debt. Unfortunately, however, due to hot weather and the fact that it was summer vacation, only a few professors and students gathered to attend the seminar. CAH hopes next CEMF Symposium could attract more students and professors.
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