Korea Securities Depository Launches Electronic Voting Platform

The Korea Securities Depository has launched eVOP, a new electronic voting support service.

According to the Korea Securities Depository on October 26, eVOP is a comprehensive electronic voting support platform that includes electronic shareholder meetings. It supports the entire process, from (advance) electronic voting conducted through the day before a shareholders' meeting to voting at an electronic meeting venue on the day of the meeting.

With the launch of this service, the Korea Securities Depository's existing (advance) electronic voting system, K-VOTE, has been integrated into eVOP. Following the integration, companies and shareholders can use (advance) electronic voting services through eVOP, and services related to electronic shareholder meetings will also be available from the date the amended Commercial Act takes effect next year.

Individual shareholders wishing to use eVOP can do so after registering as new members. Corporate shareholders, institutional investors and issuing companies that are existing K-VOTE members can use the service without a separate registration process.

The Korea Securities Depository plans to work toward a smooth rollout of the platform through daily system checks and a rapid response system for customer inquiries through October 30.

Meanwhile, on November 4, it will invite the Ministry of Justice, the Financial Services Commission, listed companies, securities-related institutions, the financial investment industry, academia, the legal community and overseas electronic shareholder meeting service providers to a ceremony marking the introduction of electronic shareholder meetings and the platform's launch.

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