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Korea Securities Depository completes first phase of next-generation system
21 July 2026 South Korea
Image: feng/stock.adobe.com
The Korea Securities Depository (KSD) has completed phase one of the next-generation system project, and has now launched the Foreign Currency Securities Investment Support System (G-SAFE) and the Securities Agency System (K-TA).
In April 2024, the next-generation system project was launched to provide infrastructure capable of supporting the growth and diversification of the capital market.
It was implemented in two phases to minimise development risks and pre-verify new technologies.
G-SAFE is designed to support stable foreign securities investment for domestic investors and respond to global regulatory changes regarding foreign securities investment — such as the move to T+1 in the US, India, and Canada.
Further, G-SAFE aims to adopt international standards, such as the transition to a global standard for financial messaging (ISO 20022).
The system will also reorganise the account ledger system and establish a year-round business system to prepare for future customer demands such as real-time processing.
K-TA aims to enhance service stability, such as issuing company schedule management, minimise errors caused by manual processes and automate operations by incorporating various new technologies into business processes.
This first phase of the next-generation project has also brought innovation in terms of IT infrastructure, says KSD.
The adoption of Linux, open-source DBMS, and Private Cloud facilitated the adoption and implementation of new technologies such as AI within business operations.
The subsequent next-generation phase two project plans to implement 25 business services, public services, the establishment of a data platform, as well as the advancement of IT infrastructure.
It is scheduled to commence in early 2027, undergo development and testing phases, and aim for an opening in the first half of 2029.
In April 2024, the next-generation system project was launched to provide infrastructure capable of supporting the growth and diversification of the capital market.
It was implemented in two phases to minimise development risks and pre-verify new technologies.
G-SAFE is designed to support stable foreign securities investment for domestic investors and respond to global regulatory changes regarding foreign securities investment — such as the move to T+1 in the US, India, and Canada.
Further, G-SAFE aims to adopt international standards, such as the transition to a global standard for financial messaging (ISO 20022).
The system will also reorganise the account ledger system and establish a year-round business system to prepare for future customer demands such as real-time processing.
K-TA aims to enhance service stability, such as issuing company schedule management, minimise errors caused by manual processes and automate operations by incorporating various new technologies into business processes.
This first phase of the next-generation project has also brought innovation in terms of IT infrastructure, says KSD.
The adoption of Linux, open-source DBMS, and Private Cloud facilitated the adoption and implementation of new technologies such as AI within business operations.
The subsequent next-generation phase two project plans to implement 25 business services, public services, the establishment of a data platform, as well as the advancement of IT infrastructure.
It is scheduled to commence in early 2027, undergo development and testing phases, and aim for an opening in the first half of 2029.
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