Value context and insight. lkm@koreatimes.co.kr
KSD to hold 24th ACG in Busan in 2020
By Lee Kyung-min
By Lee Kyung-min
Korea Securities Depository (KSD) will hold the 24th annual meeting of the Asia-Pacific Central Securities Depository Group (ACG) in Busan in 2020, it said Monday.
This is the third KSD-organized annual meeting held in Korea following ones in 2000 and 2011 both held in Seoul.
Over 150 officials representing 35 ACG members from 24 countries are scheduled to attend.
“Next year's meeting will not only raise our global profile but also that of Busan, a financial hub city,” a KSD official said.
KSD CEO Lee Byung-rhae
“We will continue to take a leading role in boosting personnel and work-related exchanges among international central securities depositories (CSDs).”
The ACG was established in 1997 to facilitate the exchange of information and promote mutual assistance among depositories and in the Asia-Pacific region.
Launched in Hong Kong in 1997, the ACG engages in active cooperation with other regional associations and various international bodies.
The organization was launched following the Asian financial crisis in 1997, amid a shared sense on the importance of strengthening regional cooperation and integration in achieving financial stability.
KSD CEO Lee Byung-rhae became ACG chairman in March 2017, in a vote participated in by eight ACG executive bodies.
His term is set to end in September.