[Digital Daily Lee Sang-il Reporter] At a press conference marking his 100th day in office, Yoon Changhyun, CEO of Koscom, outlined future strategic directions, emphasizing Koscom’s resolve to drive digital innovation at the forefront of capital market changes through the establishment of alternative trading systems (ATS), nighttime derivatives markets, a token securities (STO) platform, and the introduction of generative AI.
During the press conference held at Koscom’s headquarters in Yeouido, Seoul, CEO Yoon presented a new vision for Koscom amid a major transformation in the capital markets, announcing three key strategies: leading change and innovation, strengthening the competitiveness of core businesses, and promoting exemplary management for mutual growth. He provided detailed directions for major business plans, including the launch of ATS (Alternative Trading System) and a nighttime derivatives market, building an STO platform, and introducing generative AI.
CEO Yoon particularly highlighted his commitment to personally oversee “Smart Koscom,” aimed at innovating the way STO and operations work, garnering attention.
Discussing changes both domestically and internationally, Yoon pointed out that increased protectionism in the anticipated second term of Trump, the Russia-Ukraine war, and rising geopolitical risks are contributing to overall uncertainty in the capital markets. He analyzed that changing policies on Bitcoin and stablecoins, and the mandatory disclosure of ESG (Environmental, Social, and Governance) are influential global trends impacting the Korean economy and capital markets.
In response to capital market shifts, he presented specific countermeasures through New Market, New Assets, and New Technology. The establishment of ATS and nighttime derivatives markets symbolizes Koscom’s preparation for a new market environment, while the expansion of STO issuance and digital assets is expected to provide new opportunities in the capital market.
Yoon emphasized, “Securities-type coins and stable coins used as payment means can be placed in the same wallet. This implies that money and securities operate within a single payment system, enabling real-time settlement of securities transactions that currently take three days.”
During this period of change, Koscom plans to lead transformation and innovation by leveraging its technological capabilities and expertise in this pivotal era of the capital market.
To initiate ATS and the nighttime derivatives market, Yoon proposed the “88-66 Mission,” stating, “We are focusing all organizational capabilities to fully support ATS and nighttime derivatives market trading hours (8 AM to 8 PM and 6 PM to 6 AM next day, respectively). The 24-hour trading realization of the capital market through ATS and nighttime derivatives will enhance the market’s global competitiveness.”
Yoon emphasized that a STO joint platform business is central to preparing for the ‘New Assets’ era. This platform enables financial institutions to participate in the STO market at lower costs, expected to become a focal point in revitalizing Korea’s digital asset market. He stated, “I am personally managing the STO business and aim to unlock the growth potential of the digital asset market.”
Koscom has shown its intention to lead in the digital asset market by setting up a “STO Business Task Force” last month. This aims to secure leadership in this sector and strengthen collaboration with financial institutions, despite the current legislative hurdles regarding STO.
Yoon also noted, “Various fractional investments like buildings, artworks, and copyrights are being interestingly pursued. From the perspective of portfolio diversification, there is great anticipation. It’s hard to speak in numbers now, but I am positive about the market’s expandability.”
He emphasized the adoption of digital technologies, planning to expand the AICC (AI Contact Center) service by leveraging generative AI technology to increase the operational convenience of financial company call centers. A dedicated team is being assembled, and internal infrastructure is being built to support this. “Implementing AI technologies is no longer optional but essential, and we aim to achieve co-growth with financial companies through this,” he remarked.
Also, CEO Yoon revealed a vision for Koscom to evolve into a centennial enterprise by strengthening its existing business competitiveness.
Koscom is considering upgrading the current fourth-generation ledger system to a fifth-generation system, providing an innovative transformation model aligned with the timing of next-generation system developments in the securities industry. The expansion of new certification businesses, such as cloud joint authentication services and non-face-to-face security services, is also planned to increase market share.
Koscom sees an opportunity in the widespread redevelopment of deteriorating systems in the securities industry, which is being revisited due to an ongoing domestic securities market recession.
In the era of widespread investment, the expansion of the data business is also in focus. Moving beyond Check device services, the company plans to improve customer accessibility across mobile, web, and API platforms, striving to enhance customer satisfaction by improving UI/UX and strengthening API services. Additionally, in alignment with the Mideate initiative expanding across all sectors by 2025, there are plans to supply intermediary platforms and build data transmission and reception environments.
Koscom has established an inspection team aimed at achieving ’24×365 Zero Faults,’ dedicating more resources to system stability. With the construction of a Zero Trust security platform, the company intends to strengthen its security framework and secure reliability and stability in line with the shift to an autonomous security regime by financial authorities.
Furthermore, CEO Yoon declared the company’s commitment to becoming one that fulfills its social responsibilities and pursues mutually beneficial management. This is pursued through participation in the ‘Value-Up Co-Fund’ and active social contributions, alongside organizational cultural innovation to create a happy workplace for employees. He stated, “Strengthening communication and collaboration between management and employees to create a happy environment is one of our company’s important goals.”
Meanwhile, in 2027, Koscom will celebrate its 50th anniversary. It is essential that Koscom begin preparations for the next 50 years.
On this matter, CEO Yoon concluded, “A long-term vision is necessary. While building new future business, it’s also crucial to maintain the operational role that ensures the capital market systems function efficiently. Thus, striking a balance between maintaining current operations and creating future growth avenues unique to Koscom is vital. We must make clear distinctions between areas to safeguard diligently from failure and explore new business opportunities like STO, constructing a foundation to become a great company. We aim to put in maximum effort to excel in both areas.”