Korea Exchange Revamps Insider Trade Alert Service for Listed Companies
The Market Oversight Committee of the Korea Exchange announced on June 15 that it has completely revamped the 'K-ITAS (Insider Trade Alert Service for Listed Companies)' to enhance work convenience and management efficiency for listed companies.
K-ITAS is a service that notifies listed company insiders and companies when insiders trade company shares, allowing for the prevention of unfair trading by insiders and supporting autonomous internal control. Key updates include the introduction of a self-registration feature for insiders, provision of customized alert services based on insiders' positions, and an automatic conversion service for securities account numbers. These improvements address previous inconveniences and establish a user-centric service environment.
As of last month, a total of 615 companies (130 listed on KOSPI, 444 on KOSDAQ, and 41 on KONEX) had subscribed to the service, with a total of 12,640 registered insiders. EcoPro, Meritz Financial Group, KB Financial Group, and Amorepacific have the highest numbers of registered insiders. In the case of Shinhan Financial Group and Industrial Bank of Korea, the CEOs voluntarily registered as insiders.
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The Korea Exchange plans to actively support the establishment of internal control systems for listed companies and expand the foundation for preventing unfair trading through ongoing service improvements and promotional activities.
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