KRX PLANS TO LAUNCH A NEW SECURITIES MARKET IN NOVEMBER, WITH MONETIZED SECURITIES TO BE WRITTEN DOWN BY 2027

THE KOREA EXCHANGE (KRX) PLANS TO LAUNCH A NEW SECURITIES MARKET ON NOVEMBER 16, IN WHICH ALTERNATIVE ASSETS SUCH AS WORKS OF ART, REAL ESTATE AND MUSIC COPYRIGHTS CAN BE TRADED IN A MANNER SIMILAR TO STOCK THROUGH A SECURITIES ACCOUNT. KRX WILL RUN A SIX-WEEK SIMULATOR BETWEEN 6 OCTOBER AND 13 NOVEMBER, WHICH WILL EVENTUALLY OPEN THE MARKET OR WILL BE ADJUSTED DEPENDING ON THE FINANCIAL REGULATORY AUTHORITY ' S APPROVAL OF THE LISTED PRODUCT. AFTER THE START-UP OF THE MARKET, INVESTORS CAN BUY AND SELL THROUGH THE ACCOUNTS OF THE SECURITIES FIRM AND THE TIME OF THE TRANSACTION IS CONSISTENT WITH THE KOREAN STOCK MARKET. IN THE INITIAL PERIOD, THE RELEVANT PRODUCTS WILL BE ISSUED AND REGISTERED IN THE FORM OF TRADITIONAL ELECTRONIC SECURITIES; PENDING THE ENTRY INTO FORCE IN FEBRUARY 2027 OF THE LAW RELATING TO MONETIZED SECURITIES, IT IS EXPECTED THAT STO PRODUCTS BASED ON THE DISTRIBUTION OF BLOCK-CHAIN BOOKS AND MANAGEMENT WILL GRADUALLY LAND。