KSD Implements Organizational Restructuring and Personnel Changes to Strengthen Capital Market Stability and Accelerate Digital Transformation

Token Securities and Electronic Shareholders' Meeting Units Formalized
Kim Minsoo Promoted to Executive Director from Within
President Yoonsoo Lee: "Aiming for a Data Hub and Technology Center"

The Korea Securities Depository (KSD) has implemented an organizational restructuring and personnel changes to strengthen the reliability and stability of capital market infrastructure and accelerate digital transformation.

According to KSD on July 3, the latest organizational restructuring focuses on responding to changes in internal and external environments and enhancing core infrastructure functions. By integrating organizations with similar functions, KSD maintained its existing structure of 8 divisions and 32 departments, while expanding and reorganizing necessary units.

Key changes include the establishment of the Growth and Innovation Office within the Strategy and Planning Division, which will be responsible for setting medium- and long-term business directions, strengthening internal competitiveness, and redesigning HR, organizational, and evaluation systems. In preparation for the implementation of the token securities and electronic general shareholders' meeting systems in 2027, KSD has restructured what were previously temporary organizations into official departments: the Token Securities Department and the Electronic Voting Rights Department. In addition, the Next-Generation System Task Force has been converted into a formal IT Development Division, with the IT organization expanded and reorganized into the IT Planning Division and the IT Development Division, now positioned at the forefront of the organizational structure. The functions of the securities data organization have also been expanded and refined to enhance KSD's capabilities as a "Data Hub" for the capital market.

The allocation of executive work has also been adjusted for greater efficiency. Of the total eight divisions, two (Strategy and Planning, and Business Management) are overseen by Executive Directors, while two others (IT Planning and IT Development) are managed by Standing Directors. The remaining four frontline divisions (Electronic Registration, Clearing and Settlement, Investment Support, and Global) are managed directly by the President, enabling quick decisions on urgent matters. To make division names more intuitive for the public, the ESG Strategy Division has been renamed as the Strategy and Planning Division, and the Business Support Division as the Business Management Division, among other simplifications.

Personnel appointments were made at a moderate scale, taking into comprehensive account job experience, performance, and years of service. Kim Minsoo, the current head of the Business Support Division, was promoted internally and appointed as the new Executive Director. At the division head level, Baek Sangtae, previously head of the Global Division, was appointed as head of the Strategy and Planning Division; Kwon Euijin, previously head of the ESG Strategy Division, was appointed as head of the Global Division; and Lee Seungkwon was named the new head of the Business Management Division. Among department heads, 18 out of 35 (approximately 51%) were replaced (6 promoted, 12 transferred), and among team leaders, 28 out of 112 (approximately 25%) were replaced (8 promoted, 20 transferred).

Yoonsoo Lee, President of Korea Securities Depository, stated, "With the era of KRW 1 quintillion in assets under management approaching, the need for stable infrastructure operations is growing, and a major structural overhaul is underway as the digital asset market, including token securities, begins to take shape. We will actively pursue innovation while maintaining the stability of core capital market infrastructure, and transform KSD into a data hub and technology center for the capital market."

This content was produced with the assistance of AI translation services.