Membership and Organization Structure of IAFICO
1. Individual Membership
-
Eligibility: Membership is open to individuals capable of conducting independent academic research on financial consumer protection, free from undue influence by any corporation or institution.
-
Qualifications: Eligible candidates include university professors, researchers at institutes with a doctoral degree, or experts with equivalent professional qualifications. Ph.D. students, members of research institutes, or government officials with sufficient academic research experience may also be considered for membership.
-
Member Rights: Members are entitled to apply for presentations at the Academy’s conferences (including the Global Forum) and submit articles to the Academy’s journals.
2. Membership Fees (Annual)
-
Developed Economy Members: US$100 / 150,000 KRW.
-
Developing Economy Members: US$50 / 75,000 KRW.
-
Life-time Membership: US$500 / 750,000 KRW.
Bank Transfer
Bank Name : Woori Bank
Account No : 1006-901-439342
Swift Code : HVBKKRSEXXX
Adress : 47, Myeongryun 3-ga, Jongno-gu, Seoul, Korea (110-702)
Current Life time members
Hongjoo Jung
Junghai Yoon
Man Cho
Hongmu Lee
Sanglim Lee
Kyungjoo Lee
Chul Choi
Sungsook Kim
Chaeyul Yang
Kwanseol Son
Tsai-Jyh Chen
Toshiaki Yasui
Anne-Marie Weber
(as of March 2026)
2026 Conference Attendance fees
Early bird registration (by June 15, 2026)
IAFICO members US $200 / KRW 300,000
Non-members US $300 / KRW 450,000
Students/Developing Country Members US $100 / KRW 450,000
Registration fee (After June 15, 2026)
IAFICO members US $250 / KRW 400,000
Non-members US $350 / KRW 500,000
Students / Developing Country Members US $100 / KRW 150,000
-
Note: Membership fees are billed separately from registration fees.
4. Individual Membership
• Chairperson of the Board (C):
o Responsible for presiding over the General Meeting of Directors and the Executive Directors’ Meeting.
o Term: Three (3) years.oAnnual Contribution: US$1,000 (in addition to the individual membership fee).
• Vice-Chairperson (VC):
o Appointed by the Chairperson from among the Directors to support the Chairperson.
o Annual Contribution: US$700 (in addition to the individual membership fee).
• Executive Directors (ED):
o Appointed from the Board of Directors and approved by the Directors’ Meeting.
o Responsible for the overall management of the organization; typically assigned as a committee chair or group head.
o Annual Contribution: US$300 (in addition to the individual membership fee).
• President:
o Nominated by the Executive Directors’ Meeting and approved by the Directors’ Meeting.
o Responsible for organizing the Global Forum held in their respective home country.
o Term: One (1) year.
o Contribution: US$1,000 for the term (in addition to the individual membership fee).
• Vice-President (VP):
o Appointed by the President from among the Directors to support the President.
o Term: One (1) year.oContribution: US$700 for the term (in addition to the individual membership fee).
• Auditor:
o Responsible for auditing the organization’s activities, including the operation of the Global Forum.
o Number of Auditors: Two (2).
o Term: Two (2) years.oAnnual Contribution: US$300 (in addition to the individual membership fee).
5. Board of Directors (BOD)
• Appointment: Directors are nominated by the Executive Directors and approved by the Directors’ Meeting.
• Requirement: Directors must submit at least one national report on consumer protection annually for publication on the Academy's website.
• Annual Contribution: US$200 (in addition to the individual membership fee).