KSD Hosts ABMI International Conference... Introducing Korea-style Bond Market Infrastructure

Supporting Balanced Development of Regional Bond Markets and Enhancing Busan's International Recognition

The Korea Securities Depository (KSD) announced on the 11th that it will hold the Asia Bond Market Initiative (ABMI) international conference at the Busan International Financial Center until the 13th.

Co-hosted by KSD and the Asian Development Bank (ADB), this conference is attended by about 100 participants from the Korean Ministry of Strategy and Finance, ASEAN+Korea, China, and Japan policy authorities, central banks, securities infrastructure institutions, international organizations, and academia. The conference focuses on three main topics: ▲the development status of the Korean bond market ▲sustainable development in ASEAN+Korea, China, and Japan ▲cross-border collateral transactions.

Lee Sun-ho, President of the Korea Securities Depository, is delivering a welcome speech at the opening ceremony held on the morning of the 11th at the Busan International Finance Center. Photo by Korea Securities Depository

On this day, Lee Sun-ho, President of KSD, said in his welcoming remarks, "It is very meaningful that the ABMI conference is being held in Busan, where KSD’s headquarters is located, for the first time in 10 years since the 2013 Jeju Island meeting," adding, "I hope this conference will be a venue for sharing insights and knowledge among regional policy authorities and bond market experts and exchanging diverse opinions."

Shin Jung-beom, Director General of the International Finance Bureau at the Ministry of Strategy and Finance, said in his congratulatory speech, "This conference, which marks a new turning point in ABMI discussions by highlighting environmental changes faced by the Asian bond market and discussing future directions, is very timely," and added, "The Korean government will generously support the advancement of bond markets in regional countries with the experience and knowledge accumulated during the internationalization process of the bond market."

Satoru Yamadera, Director of the Economic Research and Development Department at the Asian Development Bank, said in his opening remarks, "This ABMI conference, co-hosted with KSD, an important bond market infrastructure institution, in Korea, the co-chair country of the 2024 ASEAN+Korea, China, and Japan Finance Ministers and Central Bank Governors Meeting, will be a valuable opportunity for all regional countries," adding, "It will serve as a catalyst for further cooperation toward the joint development and integration of the Asian regional bond market."

At this conference, KSD plans to focus on introducing Korea’s bond market infrastructure, which is evaluated as the highest level in the region, through four presentations on ▲the establishment of an International Central Securities Depository (ICSD) omnibus account for Korean government bond investment ▲the current status and prospects of Korean digital asset legislation ▲the calculation and disclosure of Korea’s risk-free reference rate (RFR) ▲repo and securities collateral services.

Additionally, KSD expects that by consecutively hosting large-scale international conferences in Busan since last year’s Asia-Pacific Central Securities Depositories Group (ACG) meeting, it will provide an opportunity to enhance Busan’s international recognition and actively promote its candidacy as a host city for the 2030 World Expo.

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