KSD Holds ACG General Meeting in Busan... "Will Support Expo Hosting"

[Asia Economy Reporter Minji Lee] The Korea Securities Depository (KSD) announced on the 27th that it will hold the '24th ACG General Meeting' for four days starting from the 7th at the Paradise Hotel in Busan. This is the first time the meeting is being held in Busan.

The ACG General Meeting is a conference of securities depository companies in the Asia-Pacific region. Since 1997, it has been held once a year for information exchange and business consultations. KSD previously hosted the meeting twice, in 2000 (4th meeting) and 2011 (15th meeting). Approximately 100 participants, including ACG member companies, foreign financial institutions, and key government officials, are expected to attend this meeting.

During the meeting, KSD plans to hold a special program called the ‘Korea-Asia Financial Cooperation Forum.’ This forum, co-hosted with the Korea-ASEAN Financial Cooperation Center, will focus on the theme of ‘financial cooperation.’ It will introduce overseas financial cooperation and Official Development Assistance (ODA) projects targeting developing countries in Asia, share knowledge related to Asian financial cooperation, and explore ways to enhance financial collaboration.

Through this forum, KSD will also support the bid for the ‘2030 Busan Expo.’ Among the 24 ACG member countries, 17 are members of the International Bureau of Expositions (BIE), which holds voting rights for selecting the Expo host city. KSD plans to set up a promotional booth for the Expo and hold a dinner attended by forum participants to promote the event.

KSD stated, “Taking advantage of hosting the general meeting, we will actively pursue hosting the World Forum of Central Securities Depositories (WFC), which involves central securities depositories worldwide. We will provide strong support to help Busan gain an advantage over Riyadh and Rome in the competition and successfully secure the 2030 Expo.”

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