Na Jae-chul, chairman of the Korea Financial Investment Association (KFIA) met with Ambassador Akiva Tor of Israel in Seoul on Nov. 9 to discuss various ways to expand investment and cooperate between the two countries' financial investment industries.
Ahead of the 60th anniversary of diplomatic relations next year, Korea and Israel signed an FTA in May. Korea has become Israel's first Asian FTA partner.
Chairman Na and Ambassador Akiva Tor have also strengthened their resolution to further strengthen friendly relations between the two countries in the financial investment industry.
The KFIA has been steadily interacting with the Israeli financial industry. In particular, in 2013, the KFIA hosted a New Portfolio Korea (NPK) program with representatives of securities firms to visit Israel in person to seek opportunities for overseas investment and establish an industry network.
"Through a meeting with Ambassador Akiva Tor, we confirmed the potential of Israel and the KFIA to cooperate," said Chairman Na of the association. "The association and the embassy will continue to take the lead in win-win relationships."