The Korea Exchange announced that it held a seminar on market activation to celebrate the 11th anniversary of the KRX gold market at its Seoul headquarters on the 24th. During the seminar, ways to enhance the market and increase the supply of gold were explored.
The event was attended by precious metal physical operators, financial investors, the Korea Securities Depository, which is a gold depository, the Korea Minting and Security Printing Corporation, a quality certification agency, and experts from various fields.
During the theme presentation session, the head of the Onhyeonseong Wolgok Jewelry Industry Research Institute shared recent trends in the domestic and international gold distribution markets and proposed ways to improve systems and tax codes to bring privately held gold into the market. Hong Sung-ki, a researcher at LS SECURITIES, analyzed the structural background of rising gold prices and the threat factors to gold prices due to the assetization of virtual assets in the United States during a presentation titled 'Gold market outlook – competition with virtual assets.'
Next, Professor Kim Jin of Dongduk Women's University examined the current status of tax incentives related to the KRX gold market and successful cases of foreign gold spot markets, such as those in Turkey and China, discussing domestic system issues.
Finally, a panel discussion led by Hong Beom-gyo, former vice president of the Korea Institute of Public Finance, was held on the theme 'Ways to activate the KRX gold market and improve liquidity,' involving in-depth discussions among household experts.
A spokesperson for the exchange noted, 'During the Q&A session following the discussion, various opinions were expressed by different attendees, including precious metal physical operators and financial investors.'