Exchange to Host '2024 Sound Market Forum'

Presentation and Panel Discussion on Setting Market Surveillance Directions Suitable for Changes in the Financial Environment

The Korea Exchange Market Surveillance Committee announced on the 20th that it held the '2024 Sound Capital Market Forum' at the KRX Conference Hall, attended by over 150 experts from academia, the legal sector, financial investment industry, and related organizations.

At the '2024 Healthy Stock Market Forum,' Kim Geun-ik, Chairman of the Market Surveillance Committee at the Korea Exchange, is delivering the opening address. Korea Exchange

Since 2005, the Exchange Market Surveillance Committee has held the Sound Capital Market Forum annually to discover policy tasks and seek improvement directions for enhancing the soundness of the capital market and protecting investors.

This year, considering the need for discussions on market surveillance directions that can proactively respond to the rapidly changing global economy and capital market environment, presentations and panel discussions were held under the theme of proposals for setting market surveillance directions suitable for recent changes in the financial environment.

In his opening remarks, Kim Geun-ik, Chairman of the Market Surveillance Committee, stated, "Our capital market is facing significant changes such as the launch of ATS and the operation of the short-selling central inspection system." He emphasized, "This Sound Capital Market Forum should be an opportunity to discuss the direction market surveillance should take, review the role of the Market Surveillance Committee to maintain a sound market order, and enhance the value of our stock market."

Dr. Hwang Hyun-young from the Korea Capital Market Institute gave the first presentation on the topic of 'Institutional Analysis Related to the Functions of Major Overseas Self-Regulatory Organizations.' Dr. Hwang discussed the importance of market surveillance by self-regulatory organizations in an expanding context, presenting implications related to market surveillance and unfair trade regulation based on a comparative analysis of the characteristics and functions of major overseas self-regulatory organizations. She also emphasized the need to establish measures to enhance the role of market surveillance in line with changes in the capital market, such as the launch of ATS and strengthened short-selling regulations.

Following this, Kim Ji-kyung, Director at Samil Accounting Corporation, introduced the role and improvement plans of domestic self-regulatory organizations through a comparison of work areas, organization, scale, and market surveillance systems with major overseas self-regulatory organizations under the theme 'Market Surveillance Practices of Major Overseas Self-Regulatory Organizations.'

Director Kim particularly conveyed the opinion that the advancement of surveillance techniques is necessary for effective detection of unfair trading, citing the case of the integrated surveillance system construction project introduced by the U.S. Securities and Exchange Commission (SEC).

Subsequently, in a panel discussion moderated by Nam Gil-nam, Senior Research Fellow at the Korea Capital Market Institute, Park Jong-sik, Executive Director of Korea Exchange, Professor Kim Yoo-sung of Yonsei University Law School, Attorney Kim Ji-heon of SeoJeong Law Firm, Director Jeon Gyun of Samsung Securities, and Professor Cho Eun-young of Chungnam National University discussed the implications of overseas self-regulatory organization cases and the direction of market surveillance in our capital market.