Korea Exchange Hosts Seminar to Revitalize Market on 11th Anniversary of KRX Gold Market Opening

The Korea Exchange announced on the 24th that it held a seminar to commemorate the 11th anniversary of the opening of the KRX Gold Market aimed at revitalizing the market.

The seminar was attended by physical precious metals operators, financial investment firms, gold deposit institutions (Korea Securities Depository), quality certification institutions (Korea Minting and Security Printing Corporation), and experts from various sectors (industry, securities, academia). Participants explored ways to upgrade the market and promote trading and investment, including directions for the development of the gold market and measures to expand the supply of refined gold.

In the keynote presentation session, On Hyun-seong, director of Wolgok Jewelry Industry Research Institute, shared recent domestic and international gold market trends and proposed institutional and tax system improvements to introduce privately held gold into the market through his presentation titled "Domestic and International Gold Market Trends and Measures to Expand the Supply of Refined Gold."

Hong Seong-gi, a researcher at LS Securities, explained the structural background of gold price increases and the threat factors to gold prices due to the U.S. virtual asset reserve assetization in his presentation "Gold Market Outlook and Competitive Landscape with Virtual Assets."

Professor Kim Jin of Dongduk Women's University reviewed the current status and issues of the tax special system for the gold spot market related to the KRX Gold Market, examined successful cases of overseas gold spot markets such as Turkey and China, and explained domestic institutional issues in his presentation "Current Status and Issues of the Tax Special System for the Gold Spot Market."

Following this, a panel discussion led by Hong Beom-kyo, former deputy director of the Korea Institute of Public Finance, featured in-depth discussions among experts from various fields on "Measures to Revitalize the KRX Gold Market and Enhance Liquidity." During the Q&A session after the discussion, various opinions were expressed by several attendees, including physical precious metals operators and financial investment firms.