The Finance and Economy Ministry at the Government Complex Sejong. [Photo by reporter Kim Yu-jin]
The government is accelerating efforts to upgrade stock trading and settlement infrastructure to draw more foreign portfolio investment.
The Finance and Economy Ministry said it held the third advisory committee meeting on expanding foreign securities investment at the Korea International Finance Center on Tuesday, where participants discussed institutional reforms in stock trading and settlement.
Moon Ji-seong, the ministry’s director general for international economic management, said global investors’ interest in South Korea’s financial markets has grown as the government has advanced foreign-exchange and capital-market systems. He said the government has been actively communicating its policy direction through recent investor roadshows, including a New York presentation by the deputy prime minister for the economy and a briefing for Japanese investors on government bonds.
Moon said that after South Korea’s inclusion in the World Government Bond Index in April, foreign inflows into the government bond market have continued, making it important for the stock market to meet global standards as well.
At the meeting, the government outlined progress on stock and settlement measures in its broader foreign-exchange and capital-market roadmap aimed at inclusion in MSCI’s developed markets index. The steps include allowing overseas funds to open accounts through global custodian banks to improve trading convenience for foreign investors.
The ministry also highlighted a change allowing real-name verification for account opening using only a confirmation document for a Legal Entity Identifier issued by the Korea Securities Depository. Since the service began on April 1, it has logged about 160 cases in roughly two weeks, the ministry said.
Moon said the government will closely review suggestions raised by advisers and prepare follow-up measures to address investor difficulties. He added that it will strengthen efforts to ensure the purpose and progress of the reforms are delivered to the market accurately and in a timely manner.
The Finance and Economy Ministry said it held the third advisory committee meeting on expanding foreign securities investment at the Korea International Finance Center on Tuesday, where participants discussed institutional reforms in stock trading and settlement.
Moon Ji-seong, the ministry’s director general for international economic management, said global investors’ interest in South Korea’s financial markets has grown as the government has advanced foreign-exchange and capital-market systems. He said the government has been actively communicating its policy direction through recent investor roadshows, including a New York presentation by the deputy prime minister for the economy and a briefing for Japanese investors on government bonds.
Moon said that after South Korea’s inclusion in the World Government Bond Index in April, foreign inflows into the government bond market have continued, making it important for the stock market to meet global standards as well.
At the meeting, the government outlined progress on stock and settlement measures in its broader foreign-exchange and capital-market roadmap aimed at inclusion in MSCI’s developed markets index. The steps include allowing overseas funds to open accounts through global custodian banks to improve trading convenience for foreign investors.
The ministry also highlighted a change allowing real-name verification for account opening using only a confirmation document for a Legal Entity Identifier issued by the Korea Securities Depository. Since the service began on April 1, it has logged about 160 cases in roughly two weeks, the ministry said.
Moon said the government will closely review suggestions raised by advisers and prepare follow-up measures to address investor difficulties. He added that it will strengthen efforts to ensure the purpose and progress of the reforms are delivered to the market accurately and in a timely manner.
* This article has been translated by AI.
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