Korea Exchange plans to shorten stock settlement cycle to one business day
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Korea Exchange announced a plan to shorten its stock settlement cycle from two business days to one business day. This overhaul is intended to improve efficiency within the equity market and reduce settlement risks. Relevant authorities plan to complete the necessary infrastructure by October 2027, with full implementation likely in 2028.
From koreaherald.com
Why it matters
The change will enable investors who sell stocks to receive the proceeds the following day. The move is also aimed at promoting industry automation and standardization across the securities market.
From koreaherald.com
Who's involved
- KoscomKorean financial IT company involved in the market infrastructure
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- KoscomSpeculative
Koscom might require major IT infrastructure investment and a system overhaul due to the operational change.