President Yoon Chang-hyun: "Establishing a President-Direct TF... Will Personally Oversee STO Business"

100-Day Inauguration Press Conference Held
'88-66 Mission' to Prepare for ATS and Derivatives Night Market
Strengthening Core Industries and System Reliability

"I will personally oversee the STO (Security Token Offering) business and lead market revitalization."

Yoon Chang-hyun, CEO of Koscom, is giving a presentation at a press conference held at Koscom headquarters on the 3rd.

On the 3rd, at a '100 Days in Office' press conference held at the Seoul Yeouido headquarters, President Yoon Chang-hyun stated this and added, "We will support financial institutions to participate in the STO business at low costs."

President Yoon said, "In the era of New Assets, we plan to actively promote the ‘STO (Security Token Offering) Joint Platform’ business." To this end, Koscom established the ‘STO Business Promotion TF Department,’ directly under President Yoon, on the 29th of last month. During the 21st National Assembly, President Yoon, as a member of the People Power Party, proposed an amendment to the Capital Markets Act for STO capitalization, but it was automatically discarded due to the end of the term. As a result, the STO-related business, which had been at a standstill, is expected by the industry to accelerate in progress with President Yoon’s appointment at Koscom.

Regarding the current Korean capital market, President Yoon said, "There are various changes within the domestic capital market, such as the transition to a multiple exchange system, the opening of a derivatives night market, the advent of the digital asset era, and the spread of generative artificial intelligence (AI)." He emphasized, "Facing this major transformation in the capital market, Koscom will lead digital innovation based on the technology and know-how accumulated over the past 47 years to open a new horizon for the domestic capital market infrastructure."

In line with these trends, President Yoon announced Koscom’s three core strategies for leading change and innovation during the capital market transformation, strengthening core business competitiveness, and exemplary win-win management. He particularly presented specific response strategies for the three major trends in the capital market: △New Market △New Assets △New Technology.

First, to respond to the launch of the new market, the Alternative Trading System (ATS), and the opening of the derivatives night market, Koscom plans to mobilize company-wide capabilities to accomplish the '88-66 Mission.' The 88-66 Mission refers to the ATS trading hours from 8 a.m. to 8 p.m. and the derivatives night market trading hours from 6 a.m. to 6 a.m. the next day, reflecting Koscom’s commitment to fully prepare for the newly introduced multiple exchange system and the transition to a 24-hour market.

President Yoon said, "To this end, Koscom plans to supply ATS-related solutions in bulk and prepare the Smart Order Routing (SOR) solution without delay." He also added, "We will successfully build the derivatives night market system as well."

He also plans to accelerate the adoption of AI technology. President Yoon stated, "We have formed a dedicated team and built internal infrastructure, and we will expand AI Contact Center (AICC) services to enhance convenience for financial companies." He also mentioned, "An internal idea contest for the introduction of generative AI is currently underway."

Furthermore, to strengthen core businesses, Koscom is considering building the 5th generation ledger system of PowerBASE and plans to innovate authentication services and data business.

He said, "Not only PowerBASE but also the timing for securities firms to promote next-generation system development is approaching," adding, "We will contribute to establishing the IT innovation foundation of the capital market by presenting and implementing a generational transition model."

Additionally, more resources will be invested to ensure system reliability. President Yoon introduced, "Especially with the launch of the alternative exchange and the opening of the derivatives night market next year, we will allocate more resources to ensure the system operates stably without failure 24 hours a day." He added, "To achieve ‘zero downtime’ 24/7, 365 days a year, we plan to operate a ‘Operation Inspection Team.’"

Finally, he expressed his determination, saying, "We will pursue company management that serves as a model for win-win cooperation," and "We will strive to create a company that makes a significant contribution to society and where employees are happy."