[Smart Finance Awards] Korea Exchange "Must Strive for Investor Protection and Balanced Information Provision"

Congratulatory Address by Sohn Byung-doo, Chairman of Korea Exchange

Reporter Jang Jin-hyung aymsdream@

[Asia Economy Reporter Lee Seon-ae] Hello everyone. I am Sohn Byung-doo, Chairman of the Korea Exchange. The autumn leaves have beautifully colored the streets of Gwanghwamun. Many people are capturing precious moments with their smartphones, and seeing this, I realized how much smartphones are doing.

The same goes for stock investment. The Mobile Trading System (MTS) through smartphones has enabled more convenient and smarter investing. I sincerely congratulate the hosting of the ‘Asia Smart Finance Awards’ which selects the best among MTS platforms.

The number of stock investors has surpassed 10 million and reached 13 million. In line with the mobile era, most individual investors use MTS. The MTS market share, which accounted for 24% of KOSPI trading volume in 2019, increased to 40% in 2021.

MTS has now become an indispensable and important trading platform. With the advancement of Information and Communication Technology (ICT), the service scope of MTS has also expanded.

Robo-advisors utilizing Artificial Intelligence (AI) and big data have enabled customized asset management for customers at lower fees, and chatbot services have enhanced investment convenience through non-face-to-face and 24-hour consultations.

MTS is also breaking down the borders of capital markets. Anyone with a mobile phone can invest in global financial investment products anytime and anywhere.

Through MTS platforms, services such as opening overseas stock accounts, currency exchange, and real-time stock price information are provided. Thanks to the development of MTS, investment costs have become much cheaper and services more convenient.

We look forward to more innovations in MTS in the future. I hope it will become a new driving force in the capital market.

I would like to introduce an interesting research result about Robinhood, a representative MTS in the United States. Among the investment information provided by Robinhood, there is a list called ‘Top Mover’ for stocks with rapid price changes, and when a stock appears on this list, Robinhood users’ buy orders increase significantly.

This pattern is reportedly not observed among users of other trading platforms such as Home Trading Systems (HTS). This shows that how MTS provides ‘what information’ greatly influences individual investors’ trading, indicating that MTS plays a very important role in shaping investment culture.

Going forward, besides competition in technology and marketing, more efforts should be made to protect investors and provide balanced information. Our exchange will also support the efforts of member companies to create a super-gap in MTS.

I sincerely thank CEO Woo Byung-hyun of Asia Economy and all staff for organizing this meaningful awards ceremony today. Once again, I send my congratulations to the securities companies receiving awards. Thank you.

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