Chairman Son Byung-du "Establishing Fair Market Order and Securing Global Competitiveness"

Son Byung-doo, Chairman of the Korea Exchange, announced that this year’s key projects will focus on establishing a fair market order and securing global competitiveness.

[Image source=Yonhap News]

In his congratulatory speech at the '2024 Securities and Derivatives Market Opening Ceremony' held at the Korea Exchange Seoul office on the morning of the 2nd, Chairman Son stated, "Although there is a favorable wind blowing in domestic and international stock markets recently, uncertainty remains high this year, making unwavering market operation more necessary than ever," and emphasized, "The capital market must become the growth engine of our economy, injecting vitality and momentum for a leap forward."

Chairman Son presented the key projects to be focused on this year as ▲ Establishing a fair market order ▲ Communication with investors ▲ Securing global competitiveness.

He said, "Liquidity naturally gathers in a market that earns investors’ trust, and only then can the healthy growth of the capital market be possible," adding, "We will proactively respond to increasingly sophisticated unfair trading, strengthen monitoring of illegal short selling, and make every effort to create a fair trading environment to build investor trust."

He also plans to overhaul various systems that cause inconvenience to investors and make IT infrastructure faster and more convenient. Chairman Son stated, "No matter how good a system is, if its purpose is not sufficiently explained, unnecessary misunderstandings are bound to arise," and added, "Communication with investors will be approached as a default value, always keeping channels for communication and dialogue open."

He intends to actively pursue securing global competitiveness as well. Chairman Son emphasized, "In the borderless liquidity competition, systems and practices that fall behind global standards lead to the undervaluation of our capital market," and said, "We will properly organize investment restriction factors and secure global competitiveness." He added, "We will strive to absorb diverse domestic and international investment demands to provide our investors with a good investment ecosystem."

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