Koscom CEO Yoon Chang-hyun stressed the need to restructure and redefine the role of the derivatives market to align with the changing digital financial environment.
Yoon made the remarks in a keynote speech at a policy symposium held at the Korea Financial Investment Association's Bulls Hall on Wednesday, marking the 30th anniversary of the introduction of exchange-traded derivatives. "Korea's exchange-traded derivatives market has established itself as a core capital market infrastructure over the past 30 years by performing price discovery and risk management functions," he said.
Yoon noted that since the launch of KOSPI 200 futures in 1996, Korea's derivatives market has served as a risk management tool through various economic shocks. "With changes in the financial environment including artificial intelligence (AI) and digital assets, the derivatives market must also seek new functions and roles," he said. "It is also important to establish an institutional foundation for market participant protection and sound market development."
The symposium was jointly organized by the Korean Finance Association, the Korean Financial Management Association and the Korean Derivatives Association.
Hwang Sung-yup, chairman of the Korea Financial Investment Association, said, "Amid rapid changes in the global investment environment, the derivatives market also stands at a critical turning point where it must seek roles and functions suited to the new environment." He added, "We will actively support the derivatives market in making a new leap toward the next 30 years through organic communication among the industry, academia and regulators."
