Korea Exchange to Promote Emission Allowance Market Participation for Securities Firms

Applications Accepted Until the 11th

[Asia Economy Reporter Gong Byung-sun] The Korea Exchange is promoting the participation of securities firms in the emissions trading market to revitalize it.

On the 2nd, the Exchange announced that it will accept applications from securities firms wishing to participate in the emissions trading market until the 11th of this month.

Securities firms wishing to participate in the market must meet the membership qualification requirements set by the Exchange, including compliance with relevant laws, IT infrastructure, personnel, internal control systems, and social credit suitability. Securities firms that acquire membership in the emissions trading market can hold up to 200,000 tons of emission permits through proprietary asset management.

The Exchange plans to implement securities firms' market participation in December this year after membership qualification screening, mock market operation, and resolution by the Exchange's board of directors. It is expected that the participation of the financial investment industry, which possesses diverse product management know-how, will supply abundant liquidity to the emissions trading market through this application process.

An official from the Exchange stated, “After the participation of securities firms is established, we will improve trading convenience so that allocation companies, etc., can entrust transactions to securities firms without placing orders directly on the Exchange,” adding, “We will do our utmost to support the government's ‘2050 Carbon Neutrality Promotion Strategy’ by revitalizing the emissions trading market and enhancing participant convenience.”

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