Koscom Launches Major Restructuring to Address Digital Finance Shift

Finance|
|
By Yoon Min-hyuk
|

Koscom announced on the 3rd that it has implemented an organizational restructuring to respond to changes in the capital market environment and secure future growth drivers. The move aims to address the paradigm shift in the digital finance environment while solidifying the foundation for mid- to long-term growth.

Koscom undertakes major organizational restructuring to respond to digital finance changes - Seoul Economic Daily Finance News from South Korea
Koscom undertakes major organizational restructuring to respond to digital finance changes

Koscom expanded and reorganized its existing "Digital Business Division" into the "Digital Asset Business Division" to build infrastructure covering the entire process of issuance, distribution, and settlement in the digital asset market. The company is also elevating the existing "Digital Asset Business TF Department," which had been dedicated to discovering digital asset-related business opportunities and marketing, into a formal organization called the "Digital Asset Business Department."

The company also newly established the "Digital Asset Services Department" to oversee technical foundations including business application development, distributed ledger technology, and IT infrastructure operations. To upgrade IT systems in response to capital market changes, Koscom plans to establish the "Extended Trading Hours Development TF Team" and ensure stable system delivery. Additionally, a new "KDX Development TF Department" has been formed to handle matching engine implementation and distribution platform development for KDX (the STO distribution over-the-counter exchange).

The "50th Anniversary Commemoration Project TF Department" was also newly established to prepare for next year's 50th founding anniversary. Kim Do-yeon, Head of Koscom's Management Strategy Division, said, "This organizational restructuring is intended to solidify Koscom's unrivaled technology leadership amid the rapidly changing capital market environment and digital transformation trends," adding, "We will continue to fulfill our core role of stable IT infrastructure operations while simultaneously securing future growth drivers."

Related Video

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.