In 2006, efforts will be focused on realizing and maximizing the synergy effects of the merger, and producing tangible results, building upon key business projects initiated during 2005.
In addition to business projects under the existing 3-Year Plan for Innovative Management, a total of 100 new projects have been identified in consideration of the changing market environment, and they will be categorized into three major strategic goals for implementation.
In an effort to better meet the intensifying competition for market leadership and to be better prepared for the planned enactment of the Capital Market Consolidating Act, KRX has set two business goals: proactively responding to the changing market environment and achieving a balance between public interest and profitability. Specific business projects to be pursued under the goals are as follows:
- Proactive measures will be undertaken to effectively deal with the competition among markets within the Northeast Asia region
- In preparation for the launch of financial investment companies and deregulation on derivatives, KRX will constantly develop and offer new, advanced products, thereby providing top-quality instruments for investment and risk management.
KRX plans to launch a survey on new products offered on advanced markets, in collaboration with the government and the industry during January and February.
- Listing of foreign companies including Chinese firms will likely pick up pace while specific efforts will be made in the area of cross-trading with foreign markets.
- In preparation for the launch of financial investment companies and deregulation on derivatives, KRX will constantly develop and offer new, advanced products, thereby providing top-quality instruments for investment and risk management.
- Based on the phased IT system consolidation blueprint, the system development plan will be finalized early in the year and the integration work will start in earnest.
- In 2006, market support systems such as electronic disclosure and consolidated surveillance will be unified first. By 2007, all trading systems including stock, bond, futures and options will be consolidated.
- Market operational efficiency and corporate value will be further enhanced through initial public offering(IPO).
- According to the IPO draft plan devised during 2005, a final plan for IPO will be made early in the year, based on consultations with the government, shareholders and related institutions, for listing within this year.
- For transparent and fair market management, KRX will strengthen self regulation and create a public fund to promote the development of the securities and futures industry.
- KRX will provide a reliable marketplace by constantly improving the systems and ensuring market stability.
- Opinions of market participants will be welcome and reflected into the systems in a timely manner to invigorate the market and improve trading convenience.
- KRX will place top priority on ensuring stability and minimizing errors in its market operations to be a marketplace investors can rely upon.
