Electronic Registered Assets 6156 Trillion KRW and 2831 Issuing Companies... 20% and 9% Increase

[Asia Economy Reporter Lee Seon-ae] As of the end of August, the electronic registration managed assets (balance) at the Korea Securities Depository amounted to 6156 trillion won, an increase of 20.7% (1055 trillion won) compared to last year. The number of issuing companies (stocks) using the electronic securities system was recorded at 2,831 companies, up 9.4% (243 companies) from 2,588 companies last year.

On the 16th, the Depository stated that two years have passed since the electronic securities system was implemented (September 16, 2019), and since the system's implementation, the electronic registration managed assets and issuing companies have steadily increased, indicating that the system has successfully established itself.

Participation of unlisted companies (stocks) in the electronic securities system has also continuously increased, with the number of participating companies reaching 374 as of the end of August (cumulative 616 companies), and the participation rate rising by 4.4 percentage points to 12.8% compared to 8.4% last year.

Meanwhile, the number of companies that applied for quarterly owner statement preparation over the past year was 999, with 2,164 cases prepared, showing a significant increase of 36.2% and 89.8%, respectively, compared to last year (773 companies, 1,140 cases).

A representative from the Depository explained, “As an electronic registration institution, we plan to continuously promote efforts to activate the use of the electronic securities system by unlisted companies,” adding, “We will continue to implement fee exemptions and reductions for unlisted companies and produce and distribute online education and promotional content that can provide practical assistance to unlisted companies, such as transitioning to the electronic securities system.”

They added, “We also plan to actively identify system improvement measures through collecting opinions from unlisted companies and support changes to articles of incorporation.”

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