Monday, February 27, 2017

Yibyeongrae president, "the fourth industrial revolution right electronic securities concentrate"



[Korea financial newspaper goyounghun News] yibyeongrae Korea Securities Depository president will focus on promoting electronic securities for the year sinnyeonsa and press conferences, such as the "block chain itgie is the fourth industrial revolution with the same innovation and accelerate such innovation in financial markets through "he said.

This year KSD is a pin-tech technology projects, such as the right electronic securities Fourth Industrial Revolution, announced that this year's focus on planning. Last year, the end of the scheme assets has exceeded 3500 trillion. Crowdfunding open central records management, retirement support services expanded, Isa as stocks build four electronic registration law was enacted by the EPS-based.

The president "recently followed hugang through initiating a seongang through service and pay for performance in the global business to Indonesia export projects of the fund net" and "In KSD is promoting the strengthening and advancement, one of the IT competency of the year focused business objectives there, "it proposed a plan for this year's IT business.

KSD is scheduled to begin in earnest in the second half of the development of electronic securities system and to develop a master plan for and build the electronic securities system supports the maintenance of electronic securities laws Islands. Established policy commitment also analyzed the electronic securities system specifically induce cooperation policy, institutions and markets.

Strengthening R & D for the block chain, chain block global consortium of hyper retjeo (Hyperledger) Depository commitment corresponding to a 4 year study of the industrial revolution through IT innovations primary activities. July last year, Securities Depository has been participating in the hypertext retjeo chain block chain block Source project for skills development and prepare a business case related businesses.

I let hyper open source project of the Linux Foundation created the center to develop the block chain platform that allows companies to use universally. Hyper retjeo project is to discuss the block chain technology development direction promoting the development of technology platforms as a global company that narrow the most active areas in the block chain that runs through the committee as a member center.

Currently IBM, Accenture, such as advanced IT companies, as well as JP Morgan, the Moscow Stock Exchange, the American global financial institutions such as the Central Securities Depository and DTCC also participated in activities to its members.

Bitcoin block chain was considered only as a digital currency-based technologies, such as beyond the financial industry is spreading to all areas of society, including manufacturing, public sector. Block Chaining noted that writes data to share some kind of distributed database technology to the World Economic Forum (WEF), the United Nations (UN), the financial security agent (FSI), including changes in domestic and international organizations that are imported into the importance and future of society.

Block chain last June, was also included in the 10 selected emerging technologies WEF 2016. UN also cited as one of the chain block amazing technology change the future through the United Nations 2050 report future. According to the UN it forecasts that by 2050, as now, the government has to store and manage ohdeon block all records digitized contracts as well as various certificate chain technology to a new state administration structure emerged.

Depository plans to apply to measure the performance of the duties applied to the block chain technology through there and review the possibility of introducing a deposit payment chain block segment mainly POC (Proof of Concept) projects.

In addition there is also big data into profitable business promoting, developing artificial intelligence (AI) based ELS · DLS product return information. And enhance the mobile Web-based services and will promote the establishment of new technology-based IT infrastructure. Maintenance content to save valuable information also for promotion and vowed to promote the use of electronic voting Electronic voting convenience of mobile services introduced. The deployment of mobile systems is also part of the crowd four IT infrastructure business plans.

In addition to the IT business perspective this year commitment to build the Depository Clearing and settlement risk management system, improving the OTC derivatives market equity management services to minimize risk securities transactions. For the four funds and alternative investments to expand the range of services.

Prior to the Depository's management space occurs over a month due to the early resignation of the former president yujaehun bar has sent the untidy year. With regard to annual salary and also it had friction with trade unions. If we can do this newly appointed president of the closure of the conflict this year, Depository and the IT business performed well lead well the employees of capital market participants are focusing attention.

Lee was born in 1964 in Seosan, Chungnam graduated from Seoul National University with a degree in International Trade from government announced 32 times. The same president who complete the Graduate School of Public Administration has undergone the Treasury, Finance and Economy, Ministry of Finance, the Financial Supervisory Committee. Later he served as the Financial Services Commission insurance manager, spokesman, financial information analysis director, such as the Securities and Futures Commission Standing circle.



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