Korea Capital Market Institute

Structural Reform of Korea’s Household Debt Management [Senior Research Fellow] Kang, Hyunju / Jul. 22, 2025 The Korean government currently manages household debt by setting annual debt growth targets in line with nominal GDP growth projections. However, this framework suffers from two structural limitations. First, the high level of uncertainty in nominal GDP forecasts often leads to frequent revisions, weakening policy consistency and eroding market predictability. Second, the mana... Korea’s Listed REIT Market: Current State and Structural Challenges [Senior Research Fellow] Kim, Pil-Kyu / Jul. 22, 2025 Korea’s listed REIT market has continued to grow, supported by government initiatives aimed at revitalizing the sector. However, most listed REITs currently trade below their initial offering prices, reflecting a real estate market downturn driven by rising interest rates and declining investor confidence. Notably, a recurring pattern has emerged in which new listings or follow... The Emergence of Korea’s Multi-Market Trading System: Early Impact and Regulatory Challenges [Senior Research Fellow] Kang, Sohyun / Jul. 08, 2025 Since its inception, Nextrade has experienced rapid growth, with average daily trading value reaching approximately KRW 10 trillion and trading volume nearing 300 million shares as of early June 2025. The introduction of extended trading hours, including pre-market and after-market sessions, has enhanced market accessibility and broadened investor choice, representing a meaning... Dark Pattern Regulation: Global Trends and Financial Sector Needs [Research Fellow] Jung, Soomin / Jul. 08, 2025 Following the amendment to the Act on the Consumer Protection in Electronic Commerce (the “E-Commerce Act”), six types of dark patterns—hidden renewals, drip pricing, default options, misleading interface design, cancellation hindrance, and repetitive prompting—have been prohibited as of February 2025. Except for hidden renewals, these restrictions also apply to the financial s... Foundational AI Innovation by Startups and the Role of Venture Capital [Research Fellow] Kim, Jinyoung / Jun. 24, 2025 Artificial intelligence (AI) is widely recognized as a transformative technology driving structural shifts in the global economy and society in the 21st century. The domestic development of foundational AI technologies has emerged as a key national priority for many countries. An analysis of arXiv, a key platform for tracking global AI research trends, shows that the US publish...