The 17th Annual Conference of the Asia-Pacific Association of Derivatives (APAD)

Conference dates

12 Jul 2021 - 13 Jul 2021


Busan, South Korea


The Asia-Pacific Association of Derivatives (APAD) will hold its 17th Annual Conference both offline and online on July 12th and 13th, 2021 at the Grand Josun Busan Hotel in Busan, Korea. The Journal of Futures Markets and the Journal of Derivatives and Quantitative Studies (JDQS) will publish a special issue comprised of selected papers presented at the conference. Free accommodations for paper presenters will be provided under the auspices of the Korea Derivatives Association and the Korea Exchange. Papers on any fields of study in finance are welcome including: Derivatives; Volatility; Risk Management; Regulation; Asset Pricing; Investments; Market Microstructure; Behavioral Finance among others.

• Full Paper Submission Deadline: 30th of April, 2021 (
• Notification of Acceptance: 17th of May, 2021
• Final Registration Date: 31th of May, 2021 (
• Final Paper Submission Date: 15th of June, 2021 (

• Papers written in English must be submitted via, using MS Word or Adobe pdf file format.
• The cover page should include the affiliation, address, phone and email of each author. The length of abstract is usually 200 words, but there is no restriction.
• If you have any question with the paper submission, please let us know via email at
• We hope that each participant agrees to serve as a paper discussant.
• Special Issue Publication: A special issue of the Journal of Futures Markets and the Journal of Derivatives and Quantitative Studies (JDQS) will publish selected peer reviewed papers from the 17th annual APAD conference.
• Paper Awards: One best paper award of US$1,000 and two honorable mentions of US$500 each will be announced at the conference.
• For the scholars who reside outside South Korea but plan to have on-site participation, you will need to arrive in Busan by Sunday of June 27th, 2021 to complete the 14-day quarantine obligation required by South Korean government.
• For the scholars who reside outside South Korea but are unable to participate on-site, you can still participate at 2021 APAD on-line.
• There is no registration fee for online participation. Registration fee US$200 (both faculty and students) is required only for the on-site participants.

PUBLICATION OPPORTUNITIES: APAD 2022 Special Issue on Journal of Derivatives and Quantitative Studies (JDQS)
• The Journal of Derivatives and Quantitative Studies (JDQS) sponsored by the Korea Derivatives Association will publish a special issue devoted to the 17th annual APAD conference.
• Authors of papers accepted to APAD 2021 are invited to submit their papers to be considered.
• No submission fee is required.
• US $4,000 will be granted to each selected paper.
• All relevant areas are welcome!

• K. Geert Rouwenhorst, Robert B. and Candice J. Haas Professor of Corporate Finance & Deputy Director of the International Center for Finance, Yale University.

• Free accommodation for two nights and free meals will be provided for paper presenters who are from outside Korea but able to have on-site participation (Free accommodation of one night and free meals will be provided for paper presenters from Korea).
• Hotel: Grand Josun Busan, Busan, Korea,
• Transportation from Gimhae international airport: Limousine bus (Most preferred option; Cost: Adult KRW7,000 (around US$ 7.00); Operation hours: To hotel 7:15~21:40/every 30 minute). For more information,

• Specialized focus on research in derivative securities and markets
• Selected papers will be published in a special issue of the Journal of Futures Markets and the Journal of Derivatives and Quantitative Studies.
• Free accommodation for on-site paper presenters
• Free meals provided for on-site conference participants
• Haeundae Beach in Busan (or Pusan), the most beautiful beach in Korea

APAD, whose inaugural conference was held in 2004, is an organization comprising academics, practitioners as well as regulators operating in the derivatives markets in the Asia-Pacific region. The main objective of this association is to promote research and knowledge on derivative securities and markets. The APAD has been supported by the Korea Exchange (KRX) and other participating exchanges in the Asia-Pacific region.

• Busan is Korea's second largest city and the number 1 trading port. This geopolitically situated harbor city sits adjacent to the Korean Straits and Japan, bringing about an interchange of trade and tourism. This intercultural current has made Busan into the international metropolis it is today. Busan has hosted such international events as the 2002 14th Asian Games, the final match of the Korea/Japan World Cup, and since 1995 has annually hosted the Pusan International Film Festival.
• Sight-seeing in Busan (or Pusan) can typically be classified into two groups: seashore and interior land sight-seeing. Seashore sightseeing includes such sights as the beach areas, islands, and Hae Ahn Park. Busan's most charming tourist point is its beautiful sea vistas. The southeastern beach areas have amazing views of the fantastically shaped rocks and islands, which are a must see. The famous beaches of Haeundae, Gwangalli, and Songjeong are enjoyed by many. Boating, jet skies, and banana boats are just among a few of the water recreation activities visitors can take advantage of. Amnam Park, Igidae, and Haean Park offer views of nature's masterpieces. The natural beauties of Busan can also be taken in by riding the cruise boats in the harbor.

• Haeundae in visitkorea:  
• Haeundae in Busan city webpage:
• Busan tourism organization webpage:
• Haeundae in wikipedia:
• Busan in wikipedia:

• Korea Derivatives Association,
• Korea Exchange,

• At this point, we are planning to hold conference both on-site and online. We hope that most people will be able to attend on-site. In case with some travel restrictions, conference speakers can still present her/his work online from the countries where each participant is residing.
• However, if the situation surrounding the COVID-19 is substantially improved around the world in the next few months, we may have a full on-site conference (may be with a minimum of virtual components).
• We will continue monitoring, re-evaluate, and update as the event draws closer.

Kim, Bum, Ph.D.
President of Korea Derivatives Association
School of Finance, Soongsil University
Phone: 82-2-820-0563, E-mail:

Yi, Junesuh, Ph.D.
Program Chair of the APAD2021
Dongguk Business School, Dongguk University
Phone: 82-2-2260-8589, E-mail:

For further information, contact Oh, Jong-Min, Ph.D. (APAD program director, SKK Business School, SungKyunKwan University, phone: 82-2-760-0462,