Korea’s IFA challenge

The launch at the end of this month of Fund Online Korea – an industry-owned platform to sell mutual funds online at a third of the management fees charged by banks and brokers – is a potentially exciting development. But it won’t get far without the introduction of independent financial advisers. And even then, questions remain, as noted last week by AsianInvestor. Korea's asset management industry, six years after the 2008 market crash, continues to suffer net redemptions. Ind…