KSD Temporarily Waives Electronic Voting Service Fees

[Asia Economy Reporter Minji Lee] Korea Securities Depository announced on the 26th that, in response to the rapid resurgence of the COVID-19 virus, it has decided to waive all service fees for one year to allow issuing companies to use the electronic voting and proxy systems without economic burden.

The fee waiver will be temporarily applied to all general meetings of shareholders held this year by issuing companies that have designated the Korea Securities Depository as their electronic voting management institution. Through this fee waiver measure, the Korea Securities Depository plans to significantly expand the use of electronic voting, a convenient and safe method of exercising voting rights in a non-face-to-face manner, and support the smooth establishment and operation of shareholders' meetings for issuing companies.

Meanwhile, as a leading institution operating the electronic voting system, the Korea Securities Depository provides various services related to the operation of shareholders' meetings and the exercise of shareholders' voting rights by issuing companies. In particular, this year, it plans to actively support the electronic exercise of voting rights for stocks of listed companies invested in by the National Pension Fund. Additionally, to promote the exercise of voting rights by small individual shareholders, it will further activate the electronic notification service for shareholders' meeting information.

The Korea Securities Depository stated, "We will continue to make efforts to provide professional and differentiated services to support shareholders' meetings and the exercise of voting rights."

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