KSD Establishes Securities Financing Division... Organizational Restructuring Implemented
Concentrating Resources and Capabilities on Future Core Businesses
On the 15th, Korea Securities Depository (KSD) announced that it will carry out an organizational restructuring to focus resources and capabilities on future core businesses, including the establishment of the Securities Financing Division. This personnel change was made about two months after the inauguration of President Lee Sun-ho.
The main goals of this organizational restructuring are: securing new growth engines, enhancing organizational synergy and efficiency, and strengthening risk management and internal controls. The restructuring was finalized through the collection of diverse opinions from internal members.
Key details include the establishment of the ‘Next KSD Task Force’ at the division level. This aims to organically promote the reorganization of vision and strategic systems suitable for a market-oriented company following the removal of public institution designation, development of new businesses, and construction of next-generation systems.
Additionally, the newly established ‘Securities Financing Division’ will strengthen external competitiveness and profitability in competitive tasks, and back-office personnel within the ‘Global Division’ will be repositioned to frontline units to expand support for the rapidly increasing overseas stock investments. The organization also restructured to respond to innovative financial products such as token securities (ST), accommodate new types of revenue securities, reinforce ESG management, solidify ethics and human rights management, manage fund operation risks, and improve disaster recovery (DR) systems.
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After the restructuring, the organizational size decreased compared to before, including the reduction of two divisions. KSD explained that this aims to enhance organizational efficiency through the downsizing and consolidation of small-scale units. President Lee Sun-ho stated, “The core of this restructuring is speed and efficiency,” adding, “We will swiftly innovate the organizational structure to inject vitality and dynamism into the organization, and accelerate efforts to establish new visions and strategies so that we can transform into an innovative financial platform trusted by the market and the public.”
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