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Korea Securities Depository

Postal address BIFC, 40 Munhyeongeumyung-ro Nam-gu, Busan, 608-828
Tel. 82-51-519-1823
Fax +82 51 519 1619
E-mail contact@ksd.or.kr
Web-site https://ksd.or.kr/eng/

KSD was established in December 6, 1974 under the Securities and Exchange Act (later consolidated into the Financial Investment Services and Capital Markets Act).


Financial Investment Services and Capital Markets Act

Article 294 (Establishment) (1) The Korea Securities Depository shall be established in order to promote a centralized deposit of securities, etc. (referring to securities and others prescribed by Presidential Decree; hereafter in this Chapter, the same shall apply), transfer of securities between accounts, and settlement subsequent to transactions and smooth circulation. 

NAME: Lee Byungrhae

DATE OF BIRTH: May 5, 1964

CURRENT POSITION: Chairman & CEO Korea Securities Depository


EDUCATION

  • Feb 1985 - B.A. in Economics, Seoul National University
  • Aug 1995 - M.A. in Public Administration, Seoul National University
  • Dec 1998 - Ph.D. in Economics, University of Missouri

CAREER

  • Nov 1988 - Passed the 32th Higher Civil Service Examination
  • Apr 1989 – Dec 1994 - International Financial Organization Division, Money Market Division, Ministry of Finance
  • Jul 1999 – May 2002 - Law and Regulation Division, Supervisory Policy Bureau, Financial Supervisory Commission
  • May 2002 – Jun 2004 -Director, Market Monitoring Division, Financial Supervisory Commission
  • Feb 2006 – Mar 2007 -Director, Non-bank Supervision Division, Financial Supervisory Commission
  • Mar 2007 – May 2008 -Director, Insurance Division, Financial Services Commission
  • May 2008 – Jan 2009 - Director, Administrative Reform Division, Financial Services Commission
  • Jan 2009 – Sep 2009 - Director, Financial Policy Division, Financial Services Commission
  • Sep 2009 – Feb 2010 - Head of Financial Reform Team, Presidential Council on National Competitiveness
  • May 2010 – Jun 2011 - Senior Advisor to the Governor, Bank of Mongolia
  • Jun 2011 – Dec 2012 - Spokesperson, Financial Services Commission
  • Dec 2012 – Feb 2014 - Director General, Financial Services Bureau, Financial Services Commission
  • Apr 2015 – Jun 2016 - Commissioner, Korea Financial Intelligence Unit
  • Jun 2016 – Dec 2016 - Standing Commissioner, Securities & Futures Commission
  • Dec 2016 – Present - Chairman & CEO, Korea Securities Depository

Shareholder

Ratio (%)

Korea Exchange

70.43

KOSCOM

4.63

Yuhwa Securities

3.35

NH Investment & Securities

2.9

Other (53 shareholders)

18.69

Functions provided under Capital Markets Act:

  • Deposit of securities
  • Book-entry transfer of securities
  • Settlement of transactions on the securities exchange
  • Settlement of transactions of over-the-counter transactions
  • Cross-border deposit and settlement
  • Transfer agent
  • Separate safe custody of securities

 

Function provided under other laws:

  • Registrar of public and corporate bonds
  • Tax withholding for securities transactions tax and special tax for rural development

 

Functions provided under Articles of Incorporation:

  • Collateral management for OTC derivatives transactions
  • Gold and precious metals deposit for futures and options transactions
  • Intermediation of securities lending and borrowing transactions
  • Management of secured call loan transactions
  • Provision of securities information
  • Repurchase agreement (repo) agent
  • Administration of securities certificate forms
  • Management of substitute securities for futures and options transactions

Membership in international associations

  • Asia-Pacific Central Securities Depository Group (ACG)
  • International Securities Services Association (ISSA)
  • Asia Securities Industry and Financial Markets Association (ASIFMA)
  • Association of Eurasian Central Securities Depositories (AECSD)