Korea Securities Depository (KSD) said on the 22nd that it held the "10th anniversary of securities-type crowdfunding" event at the Glad Hotel in Yeouido with officials from the crowdfunding industry in attendance.
About 80 people attended the ceremony, including President Lee Sun-ho of the depository, Moon Sang-il, president of the Korean Economic Law Association, and Noh Hae-sung, Deputy Minister at Korea Growth Investment Corporation (K-Growth), as well as chief executive officers of online small-investment brokers and issuing corporations.
The "securities-type crowdfunding system," introduced in Jan. 2016, allows the public to make small investments. By the end of last year, a cumulative 1,093 corporations had raised about 234.6 billion won.
In his opening remarks, President Lee Sun-ho said, "Since being designated as the central recordkeeping agency for crowdfunding on Aug. 31, 2015, the depository has contributed to the successful establishment and growth of the system through issuance and investment limit management, operation of CrowdbNet, and policy support," and presented plaques of appreciation to two issuing corporations that have actively participated in the system and to seven intermediaries that have contributed to revitalizing the system.
The depository said, "As the central recordkeeping agency, we will continue to advance the domestic infrastructure for securities-type crowdfunding and do our best to support stable operation of the system and market development."
Meanwhile, at the event, the depository, together with the Korean Economic Law Association and Korea Growth Investment Corporation (K-Growth), held presentations and a panel discussion on the theme of "directions for developing the crowdfunding system."