On the 26th, the Korea Exchange’s Seoul office sees Jeong Gyu-il, Head of the Korea Exchange’s KOSPI Market Division (left), and Lee In-seok, Executive Director of the Korea Securities Depository, take a commemorative photo after signing an agreement to establish a system for sharing securities issuance and distribution information between the two organizations. /Courtesy of Korea Exchange

The Korea Exchange and the Korea Securities Depository announced on the 26th that they have signed an agreement to establish a system for sharing information on the issuance and distribution of securities.

Although the issuance and listing of securities have continuously increased, the procedures for collecting and verifying information have been carried out manually and on paper, leading to significant inefficiencies. To address this, the two agencies have decided to gradually establish a system for sharing information on the issuance and distribution of securities.

This year, they have decided to reflect the items that can be immediately implemented in the system, such as standard code information, listing schedule information, issuance certificate information, and bond rights exercise information. Subsequently, they plan to expand the information shared based on the Korea Exchange's next-generation listing disclosure system construction project and the Korea Securities Depository's information management system enhancement project.

The Korea Exchange and the Korea Securities Depository expressed hope that this agreement would enhance not only operational efficiency but also the consistency of securities information.