Myung-ho Lee, President of Korea Securities Depository, "Focusing on 'Digital Financial Innovation' This Year"

[Asia Economy Reporter Oh Ju-yeon] "Our financial market will face rapid environmental changes such as the spread of non-face-to-face finance and the acceleration of digital transformation. This year, we have set our management goal as 'Digital Financial Innovation Together with the Market' and will promote key projects accordingly."

According to the Korea Securities Depository on the 3rd, President Lee Myung-ho stated in his New Year's address this year, "Considering the transition to a competitive environment since the implementation of the electronic registration system and the pace of development of 4th industrial revolution innovative technologies, our survival can no longer be guaranteed by our core tasks alone."

President Lee emphasized that to achieve the management goals, they will focus on strengthening digital-based innovation capabilities, advancing asset management market infrastructure, enhancing support capabilities for innovative startup companies, upgrading electronic registration services, strengthening global business competitiveness, creating social value, and revitalizing the regional economy.

First, to strengthen digital-based innovation capabilities, they plan to create a smart work environment and actively discover business models utilizing innovative technologies to reinforce the digital foundation, modernize IT infrastructure through the successful relocation of the data center, and establish a digital talent development system.

To advance asset management market infrastructure, they aim to successfully build VentureNet to standardize and digitize back-office operations in the venture investment market, thereby reducing risks and increasing efficiency.

As a measure to improve transparency in the private equity fund market, they announced plans to successfully establish the 'Standard Code Management System for Non-Marketable Assets' and the 'Fund Asset Balance Reconciliation Support System.'

Additionally, they plan to expand the application of the electronic securities system to unlisted companies and broaden customer-tailored services through the acceptance of electronic registration for trust beneficiary certificates and government bonds for individual investors. To strengthen global business competitiveness, they will actively promote improvements in foreign currency securities laws, regulations, and information management systems.

President Lee said, "Above all, we will focus our capabilities on managing operational and IT risks and strengthening information security, continuously communicate and cooperate with customers, and strive to gain the trust and support of the market."

This content was produced with the assistance of AI translation services.