The Korea Exchange Market Surveillance Committee announced on the 1st that it has signed a Memorandum of Understanding (MOU) on mutual cooperation with Naver Pay.
Kim Geun-ik, Chairman of the Market Surveillance Committee at Korea Exchange (right), and Park Sang-jin, CEO of Naver Pay (left), are signing a Memorandum of Understanding (MOU) to promote a healthy online investment culture. [Photo by Korea Exchange]
The Exchange and Naver Pay agreed to strengthen cyber market surveillance monitoring to foster a healthy online investment culture, while mutually cooperating to prevent unfair trading and protect investors through clean campaigns.
In particular, Naver Pay's stock discussion rooms and shareholder open talks will be included as targets for market surveillance monitoring to prevent unfair trading.
An official from the Exchange stated, "With the expansion of cyber surveillance monitoring targets this time, we will strengthen the preventive function against potential cyber unfair trading," adding, "We will continue to make efforts to create a sound investment culture and build a trusted capital market through various clean campaigns online in the future."
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