- KSD was originally constituted by the Securities and Exchange Act (SEA) in 1974 and carried on business in the form of a corporation. Then, In April 1994, KSD transformed itself into a non-profit company while diversifying its shareholders to 109. Shareholders are mostly matket players, banks and banking corporations.
Brief History
- Korean Securities Settlement Corporation (1974-1993)
- The Korean securities market entered its rapid growth stage in the 1970s' with a surge of listed companies, trading volume, and accordingly the need for a safer and more efficient settlement system for securities transactions in Korea. This, in turn, led to the birth of the Securities Deposit system. The fifth amendment to the Securities and Exchange Act(SEA) paved the way for the Korea Securities Settlement Corporation(KSSC) to be established in 1974.
- Korea Securities Depository (1994-)
- An amendment to the SEA in 1993 called for the KSSC to be transformed into a special public organization, the Korea Securities Depository. One of the reasons of the transformation was that KSSC sounded a profit-seeking corporation and there were concerns that it might not secure firm confidence from the public. The KSD was established on April 25, 1994, as the central securities depository in Korea. Transformation into a special public organization under the SEA and diversifying its shareholders eliminated the major obstacles to collective deposits by resolving disputes over the public confidence and the neutrality of the central securities depository. This was a turning point in further developing the system for securities deposit and settlement in Korea, which was reflected by the sharp increase in the colletive deposit ratio following its establishment.
Timeline
2000's
- Nov. 02, 2011
- The 15th General Meeting of Asia-Pacific Central Securities Depository Group held in Seoul by KSD
- June 23, 2011
- Legislation on the electronic short-term bonds designating KSD as a central registrar is passed by the National Assembly
- May 26, 2011
- KSD Representative Office in Hong Kong opened
- Apr. 06, 2011
- Securities held by KSD surpasses KRW 2,500 trillion (USD 2.2 trillion) in market value
- Feb. 07, 2011
- KSD's Next Generation IT System SAFE PLUS launched
- Dec. 21, 2010
- A Business Continuity Plan worked out
- Oct. 22, 2010
- An MOU signed with the Turkish Central Securities Depository
- Aug. 23, 2010
- Electronic Vote Management (K-evote) launched
- Jul. 26, 2010
- Dormant Stocks(Unclaimed Stocks) Delivery Campaign conducted
- Jul. 5, 2010
- The hour for settlement commencement moved up to 15:00 from 16:00
- May 14, 2010
- The final GoE Korea Conference held
- Jan. 21, 2010
- An internal control system launched
- Dec. 22. 2009
- MOU signed with Mongolian Securities Clearing House & Central Depository
- Dec. 11. 2009
- Hosted the 7th GoE Conference to conclude research findings on creation of a regional settlement intermediary (RSI)
- Nov. 01. 2009
- Opened Enterprise Portal & Resource Management System, reshuffled IT operation system
- Sep. 15. 2009
- A custody agreement signed with Euroclear to open an omnibus account with KSD
- Sep. 01 2009
- KSD and Omgeo established an alliance to link KSD¡¯s FundNet service to Omgeo¡¯s global network service
- Jun. 30. 2009
- A custody agreement signed with Clearstream to open an omnibus account with KSD for foreigners investing in Korean Won bonds
- Mar. 27. 2009
- Launched a charity foundation named ¡®Nanum Foundation¡¯
- Mar. 02. 2009
- MOU signed with Euroclear for information exchange
- Mar. 09. 2009
- A ground-breaking ceremony for the USD38m Next Generation System project held
- Feb. 04. 2009
- Changed its Korean name from ¡®Jeungkwon (Securities in English) Yetak Kyeuljewon¡¯ to ¡®Hankook (Korea in English) Yetak Kyeuljewon¡¯
- Nov. 27. 2008
- An MOU signed with Omgeo for the establishment of a global investment support system
- May. 15. 2008
- Signed an agreement for the issuance and deposit of KDR with a Japanese enterprise for the first time
- Apr. 23. 2008
- Secured the status of chair nation in the Group of Experts on Cross-border Bond Transactions and Settlement Issues under ASEAN+3 Finance Ministers' Meeting
- Apr. 14. 2008
- Foreign exchange collateral system for securities lending and borrowing opened
- Nov. 22. 2007
- Issuance of KDR for the first time in Korea (Huafeng Textile International Group Limited)
- Nov. 13. 2007
- An MOU signed with TSD (CSD of Thailand)
- Nov. 1. 2007
- A contract signed with JASDEC on business alliance to support Korean enterprises' listing on Japanese securities markets
- Oct. 15. 2007
- The aggregate market value of assets on deposit surpassed KRW 2,000 trillion
- Jul. 3. 2007
- Appointed as the settlement organization for stock exchanges and OTC markets under the Capital Market Act
- Apr. 11. 2007
- Hosted CSD9
- Dec. 4. 2006
- ¡¸KSD Happy Makers¡¹, a social service group, founded
- Jun. 30. 2006
- CD issuance service through registration launched
- Jun. 27. 2006
- Government bond information real-time transmission system opened
- Jun. 20. 2006
- DVP settlement service for foreign currency denominated bonds launched
- Jun. 15. 2006
- Collateral management service for securities on deposit started
- Apr. 10. 2006
- BOK Repo support service started
- Feb. 20. 2006
- Government Bond STRIP support service started
- Jan. 12. 2006
- ¡¸VISION 2015¡¹Declaration Ceremony held
- Dec. 7. 2005
- Cyber Securities Museum opened
- Jul. 29. 2005
- Local custody service system opened
- Jun. 27. 2005
- SLB & Repo system exported to Thai markets
- Mar. 14. 2005
- A division-based system introduced
- Jan. 27. 2005
- Renamed to Korea Securities Depository (KSD)
- Jan. 5. 2005
- Awarded Dasan Finance Award from the Korea Economic Daily
- Nov. 2. 2004
- Obtained ISO 9001 certification for customer support services
- May 27. 2004
- The Securities Museum opened
- Apr. 6. 2004
- Indirect investment deposit & settlement infrastructure opened
- Apr. 1. 2004
- Issuance of Housing Bonds through registration started
- Feb. 10. 2004
- IT Back-up Center launched
- Dec. 17. 2003
- The aggregate value of securities on deposit with KSD surpassed KRW 1,000 trillion
- Oct. 17. 2003
- Open IT System launched
- Oct. 14. 2003
- Secured call management services launched
- Apr. 3. 2003
- Obtained ISO 9001 Authorization in transfer agent services
- Nov. 13. 2002
- Awarded a prize for Customer Satisfaction Management by the Korean Management Association
- Oct. 9. 2002
- ETF Fund-NET service launched
- Sep. 11. 2002
- KSD Yoido Building constructed
- Apr. 30. 2002
- Settlement service for American stocks traded by Home Trading System (AHTS) launched
- Dec. 21. 2001
- Cross-border linkage with JSCC of Japan
- Jul. 7. 2001
- Appointed as the settlement entity for ECN market
- Feb. 20. 2001
- KSD's Repo service extended to cover all bilateral Repo transactions
- Jun. 9. 2001
- Reached KRW 100 trillion of debt securities settlement for OTC transactions
- Nov. 2. 2000
- 4th Asia-Pacific CSD Group General Meeting (ACG4) held in Seoul
- Aug. 25. 2000
- Mutual funds service started
- Jun. 30. 2000
- Appointed as secretariat for SC4 of the ISO for Securities Operation
- Jun. 1. 2000
- Web-based service of providing information on securities started
1990's
- Nov. 1. 1999
- Tri-party Repo settlement service launched
- Jul. 1. 1999
- Debt securities settlement system for OTC transactions implemented
- May 24. 1999
- Substitute securities management service for futures transaction and gold deposit service started
- Mar. 17. 1999
- SAFE21, a new participant terminal system, launched
- Sep. 21. 1998
- Bond Lending & Borrowing Service started
- Sep. 9 .1998
- Agent service for overseas EBs issued by Korean enterprises implemented, for the first time as a domestic entity
- Apr. 25. 1998
- KSD Ilsan Center built
- Dec. 1. 1997
- Designated as an official entity for clearing, settlement and guarantee in relation to KOSDAQ market transactions
- Apr. 1. 1997
- Beneficial Owner Certificate system launched
- Apr. 1. 1997
- CD and Development Trust Notes deposit service implemented
- Sep. 2. 1996
- Stock lending & borrowing service started
- Jul. 1. 1996
- Issuing agent service for beneficiary certificate launched
- Dec. 7. 1995
- Joined BOK-Wire, the national payment system
- Aug. 30. 1995
- Cross-border linkage with Euro-Clear and participation in SWIFT system
- Dec. 22. 1994
- Designated as a public organization pursuant to the Regulation of Tax reduction and Exemption Act
- Nov. 1. 1994
- Municipal bonds deposit service launched
- Oct. 14. 1994
- Designated as a statistic office for securities-related information pursuant to Statistics Act
- Jul. 1. 1994
- International settlement service for foreign securities acquired by domestic investors launched
- May 11. 1994
- Information provision service through the Automatic Response System (ARS) started
- Apr. 25. 1994
- Transformation into the Korea Securities Depository
- Sep. 15. 1993
- Authorized as a registrar of public and corporate bonds
- Jul. 1. 1993
- Participant terminal system (KSD-NET) put into operation
- Oct. 16. 1992
- New computerized system (TANDEN) introduced
- Apr. 1. 1992
- Uniform Securities Certificate Form management service started
- Mar. 27. 1992
- Clearance and settlement of non-listed stocks trading started
- Jan. 1. 1992
- New Issue Blanket Deposit (NIBD) and Proxy Voting Service started
- Dec. 1. 1990
- Institutional Affimation and Settlement Service launched
- Feb. 23.1990
- Stock custody services started in relation to Korean securities issued overseas
1980's
- Oct.~ Nov. 1988
- Branch offices opened in Jeonju, Daegu, Daejeon and Gwangju
- Jan. 1. 1988
- Beneficial owner system pursuant to the SEA implemented
- Apr. 30. 1985
- Consecutive Deposit System Implemented
- Jan. 8. 1983
- Centralized deposit of securities
- May 1. 1982
- Book-entry transfer for bond trading launched
1970's
- Apr. 19. 1977
- Authorization of securities issuing agent service
- Sep. 1. 1976
- Busan Branch opened
- Jul. 18. 1975
- Securities Settlement Service launched
- Apr. 26. 1975
- Transfer Agent Service launched
- Dec. 30. 1974
- Authorization of Separate Safe Custody Service
- Dec. 6. 1974
- The Korea Securities Settlement Corporation (KSSC) founded
- Dec. 4. 1974
- Authorization of Settlement business for securities transactions
- Feb. 6. 1973
- Book-entry delivery system pursuant to the Securities & Exchange Act of Korea implemented
