From the first day of 2018, the KOSDAQ market has been revitalized. The committee will reveal the will to activate the KOSDAQ in a voice from the first day of the opening of the stock market in 2018, and the KOSDAQ-enabled roadmap based on the expansion of tax support and KOSDAQ independence will be announced later this month. The KOSDAQ market has closed 14.03 points higher at 812.45, reflecting market expectations.

In the opening ceremony of the securities and derivatives market in 2018 held at the Korea Exchange in Yeouido, Seoul on January 2, the Finance Committee chairman of the Korea Development Bank said, "We will significantly enhance tax benefits and financial support for companies and investors investing in the KOSDAQ market, "He stated.

Besides, Chairman Choi said, "We will strengthen the independence of the KOSDAQ governance structure in order to change the possibility of the company into reality and provide various investment opportunities to investors." In the "KOSDAQ Market-centered Capital Market Innovation Plan" More details will be revealed. "The Financial Supervisory Commission and the Korea Exchange said they are reviewing business process innovation plans to separate the chairman and head of the KOSDAQ headquarters and to make independent decisions regarding the KOSDAQ market.

The principles of corporate governance and protection of shareholder rights are still presented. Mr. Choi said, "It is true that the problem of corporate governance in Korea and the issue of protection of shareholder rights are being criticized as a cause of the Korea discount, and that it is receiving an unfavorable international reputation." To improve these problems is to establish a large- As a company, to bear and overcome."

Especially, regarding the abolition of shadow voting (shadow voting) from the day, it should be an opportunity to raise the international evaluation of corporate governance to the next level. "The government should also improve electronic voting accessibility. We will actively support the activation of the shareholders` business by operating the shareholder support T / F."

He stated, "We will encourage steady introduction of stewardship code and strengthen autonomous disclosure on corporate governance to create an environment in which companies with good corporate governance can be treated in the market."

"The Korea Exchange needs to be at the center of this capital market change," he said. "I would like to ask the Chief Executive Officer to set a goal for the exchange market and to think about ways to make our capital market bigger through innovation."

"The KSE is expected to actively support innovation, which is a core task of the government," he said. "This year`s KOSDAQ market will be the first year of rebirth as a venture capital fund."

"By restructuring the governance structure of the KOSDAQ market, we will increase the independence of the market management, budget management and competition with the securities market," said Chung. "We will revise the KOSDAQ entry requirements I will promote the listing of companies."

"We will develop a new benchmark index such as KOSPI and KOSDAQ combined index and expand KOSDAQ-based financial products so that participation of institutional investors (KOSDAQ) will expand."

Meanwhile, the securities market will diversify the underlying assets of listed ETFs and ETNs, while the derivatives market will expand KTOP30 futures, interest rates and foreign exchange derivatives. He added.

Mr. Chung said, "The current order-led trading structure of the capital market will be reorganized in the direction of expanding liquidity and alleviating volatility by combining the advantages of the dealer market such as the market maker system."

He said, "In order to respond to the new unfair trade, we will operate the next-generation market surveillance system based on artificial intelligence early on and strengthen compliance consulting so that we will shift the paradigm of market surveillance to prevent prejudice.

Also, Chung said, "We will build a foundation for sustainable growth of the capital market." He emphasized that he will develop the multi-asset index with an innovative index and establishes a transaction information repository without any problems.

He also stated, "In response to the fourth industrial revolution, I will lead the application of new technologies such as block chains to the capital market."

The opening ceremony was attended by more than 300 people, including officials from related organizations and employees of the financial investment industry, as well as Hwang Young-ki, chairman of the Financial Investment Association, Chairman Jeong Gyu-jeong, and Chairman Hwang Young-gi. He also created a mood to shake off his disgust.

By Kim Dong-wook east@dt.co.kr




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