Exchange Holds Seminar Commemorating 10th Anniversary of KRX Gold Market Opening... "Expanding Investment Base"

On the 21st, the Korea Exchange (KRX) held the 'KRX Gold Market 10th Anniversary Seminar' and announced its commitment to expanding accessibility to gold market information and broadening the investment base.

On the 21st, the Korea Exchange selected and awarded contributors before the "KRX Gold Market 10th Anniversary Seminar" and then took a commemorative photo. (From left) Jin Seon-gyu, KRX Gold Market Ambassador; Ji Hyun-jun, Head of Korea Investment & Securities; Lee Kyung-sik, Head of Derivatives Market Division at Korea Exchange; Song Jong-gil, CEO of Korea Gold Exchange; Nam Yong-su, Head of Korea Investment Management [Photo by Korea Exchange]

At the seminar held at the KRX Seoul office conference hall, Lee Kyung-sik, Vice President of the Korea Exchange, stated in his commemorative speech, "The KRX Gold Market has faithfully served as a policy market to legitimize gold trading in Korea." He added, "Compared to the market's opening, the trading volume has increased approximately 12-fold, the number of gold market accounts has surpassed 1.1 million, and the gap with international prices has narrowed, achieving significant results in just 10 years."

Vice President Lee also said, "Going forward, we will continuously carry out activities to expand accessibility to gold market information and broaden the investment base, including expanding the media displaying KRX gold prices, enhancing gold market lectures and education, and promoting the market through new media."

The seminar was attended by about 50 people, including actor Jin Sun-kyu, the KRX Gold Market ambassador, members of securities firms participating in the gold market, and executives and employees of precious metals physical businesses, who shared the achievements of the KRX Gold Market's 10th anniversary and explored future development directions.

At the commendation ceremony held prior to the seminar, actor Jin Sun-kyu (ambassador), Korea Investment & Securities (excellent liquidity provider (LP)), Korea Gold Exchange (excellent physical business operator), and Korea Investment Management (developer of gold spot ETFs) received plaques of appreciation.

In the keynote presentations and panel discussions, Song Jong-gil, CEO of Korea Gold Exchange, explained the supply and demand factors of the domestic and international physical gold markets, the status of participants, and the growth of domestic physical gold businesses through the KRX Gold Market in his presentation titled "The Role and Significance of the KRX Gold Market in the Domestic Physical Gold Market." Kim Chan-young, head of KB Asset Management, explained direct investment in the KRX Gold Market for capital gains tax exemption benefits and retirement pension investments through gold spot exchange-traded funds (ETFs) in his presentation on "Activation Plans for the KRX Gold Market as an Investment Market."

During the panel discussion led by Professor Kim Ji-hoon of Yonsei University, various opinions were raised on expanding domestic gold supply through refining and smelting, attracting over-the-counter physical, investment, and hedging demand, and other measures to revitalize the KRX Gold Market.

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