The Korea Exchange and the Korea Securities Depository noted on the 19th that they have signed a memorandum of understanding (MOU) for mutual cooperation to establish a system for sharing information on the issuance and circulation of securities.
In the future, the exchange plans to share information on the listing schedule and major disclosures and standard code information of securities, while the securities depository will share information on the issuance registration, rights exercise, and obligations of securities. This MOU is expected to automate existing manual processes and enhance the information management system, thereby speeding up tasks related to the issuance of securities.
The exchange explained that as the capital market has grown, the issuance and listing of securities have significantly increased. However, the collection and verification of information for these tasks are still conducted manually or through paper documents, which has increased the burden of work and acted as an inefficiency in personnel management.
Once the system for sharing securities information among institutions is established, the exchange plans to reflect the information-sharing matters in the next-generation listing disclosure system, while the securities depository plans to incorporate them into the information management system enhancement project.
A spokesperson for the exchange said, “We expect to enhance the integrity of data regarding the issuance and circulation of securities and lay the foundation for stable operation of the capital market.”