The Korea Exchange (KRX) carried out appointments of executive managers to strengthen its market surveillance function. Through these appointments, it will increase the number of executive managers within the Market Surveillance Division and accelerate key policies such as extending transaction hours and listing new products.
On the 2nd, the Korea Exchange (KRX) said that through new executive appointments, it expanded the number of executive managers in the Market Surveillance Division from one to two. In line with the government's policy to eradicate unfair transaction practices in the capital market, this measure aims to establish a swift review system and advance the market surveillance system by using new technologies such as artificial intelligence (AI).
Along with this, the exchange carried out executive appointments across major divisions including securities, derivatives, market surveillance, and clearing and settlement.
Park Sang-uk, deputy head of the Derivatives Market Division, was named head (senior managing director) of the Clearing and Settlement Division.
In the Market Surveillance Division, KOSDAQ Market Division, and Derivatives Market Division, two managing directors (deputy division heads) were appointed to each division, six in total. The deputy division head (managing director) for the Management Support Division is Choi Jae-ho, head of IT Strategy; the deputy division head for the Stock Market Division is Jin Dong-hwa, head of Surveillance Review; the deputy division heads for the KOSDAQ Market Division are Choi Ji-woo, head of Stock Market Listings, and Lee Won-guk, head of Human Resources; the deputy division heads for the Derivatives Market Division are Kim Ki-dong, head of FICC Derivatives, and Seo Ah-ron, head of Future Business; and the deputy division heads for the Market Surveillance Division are Choi Jin-young, head of Business Management, and Park Shin, head of KOSDAQ Listings.
The exchange said that through these appointments, it assigned executive managers with expertise and experience across all areas, including securities, derivatives, market surveillance, and clearing and settlement. It said this will secure momentum to push ahead with priority initiatives such as extending transaction hours, listing new products including bitcoin futures, and shortening settlement cycles.
An official at the Korea Exchange (KRX) said, "We plan to further step up efforts to strengthen the swift review system for unfair transactions and to advance the market surveillance system by using new technologies such as AI."