As the president and CEO of RCI Capital Group, John Park draws on extensive experience in international corporate leadership, project management, and finance. Alongside his career, John Park has contributed his expertise to several community-building endeavors, including serving as the founding director of the Canada Korea Foundation.
February of 2011 marked the establishment of the Canada Korea Foundation, an organization created to promote relations between Canada and Korea. Canada’s Prime Minister Stephen Harper spoke at the launch in Coquitlam, British Columbia, welcoming guests that included Consul General Choi from the Republic of Korea and members of Canada’s parliament.
In his speech, Prime Minister Harper recognized many for their efforts on behalf of Korean and other ethnocultural communities across Canada and honored Korean and Canadian veterans of the Korean War for their dedication to principles of freedom and democracy. He also commended the creators of the foundation, including Yonah Kim-Martin, the first Canadian senator of Korean heritage. Throughout the speech, he spoke with hope for the future and the alliance between Canada and Korea for the sake of peace.
The recipient of such accolades as Mining Deal of the Year 2011 courtesy of ThomsonReuters/Deloitte, John Park founded RCI Group, a privately held financial firm, in 1996. Under his leadership, the firm has experienced phenomenal growth, earning annual sales of CAD 40 million and maintaining offices in the United States, Korea, India, and China, as well as other regions. Through RCI, John Park manages a diverse array of financial services including asset management and investment banking.
An arena of high finance and a source immense satisfaction and wealth when investment deals turn huge profits, investment banking attracts all manner of dedicated professionals. Investment banking is a subset of finance that concerns helping companies increase funds and expand portfolios. Investment bankers tend to be highly qualified and expertly trained, as the position requires them to command knowledge of stocks, bonds, corporate acquisitions, and other areas.
Due to the diverse requirements of the job, investment bankers apply their knowledge in a myriad of ways. Some professionals dispense advice concerning mergers and acquisitions (M&A). Others scrutinize the market, following it day by day to pinpoint the optimal moment for a privately held company to make an initial public offering (IPO).
Investment banking is one of the most lucrative positions in finance, but enormous responsibility offsets that prestige. Companies depend on investment bankers to make accurate projections and put together deals that reap huge rewards. Because of the high stakes involved and the thousands of companies in need of sound advice, investment bankers enjoy job security and room for growth in the field.
For more than 15 years, John Park has overseen the RCI Group of Companies, a privately held Vancouver financial services firm. Fluent in Korean, John Park regularly engages in business outside of Canada with nations that include Korea. In recognition of the Asian country’s importance, he established the Canada Korea Foundation.
On Feb. 21, 2011, people from Canada and Korea celebrated the birth of the Canada Korea Foundation. Prime Minister Stephen Harper appeared at the introductory dinner, which also featured Canadian and Korean veterans of the Korean War; Korean-Canadian civic leaders; and Senator Yonah Kim-Martin, Canada’s first parliamentarian with Korean ancestry. At the event, Harper praised the business and diplomatic relations between the two nations and commented on how this new organization would continue enhancing their affiliations.
The meeting highlighted many reasons for the partnership. Two-way merchandise trade between Canada and South Korea reached $9.5 billion in 2009, and Koreans have become one of the nation’s quickest-growing communities, with influence in all sectors. The Canada Korea Foundation plans to expand on those successes by bolstering bilateral trade, creating free-trade agreements, increasing the amount of Korean students who study in Canada, and promoting alternative energy strategies.