Korea Capital Market Institute

Retirement Pension Provider Evaluation in Korea: its Significance and Reform [Senior Research Fellow] Nam, Chaewoo / Aug. 19, 2025 Korea’s retirement pension system is structured around a contract-based governance model that significantly relies on pension providers. As a result, the accountability and asset management capabilities of these providers are critical to the system’s overall performance. However, even two decades after the system’s introduction, satisfaction among plan participants remains rela... The Limitation of Fair Funds and the Proposal to Establish an Investor Protection Center [Research Fellow] Hwang, Hyunyoung / Aug. 19, 2025 To sustain the upward momentum of the securities market of South Korea (‘Korea’), it is essential to implement strong sanctions against unfair trading practices and strengthen investor protection mechanisms so that investors can trust and trade in the market. However, the current securities-related class action system lacks effectiveness in providing relief to victims due to st... Optimism Bias in Analyst Research [Senior Research Fellow] Kim, Joon-Seok / Aug. 05, 2025 In Korea, the share of “Buy” in sell-side analysts’ recommendations has increased from 67% in the 2000s to 89% in the 2010s, and further to 93% in the 2020s. This upward trend suggests that optimism in analyst research has persisted and become more deeply entrenched over the past two decades, raising serious concerns about the objectivity and credibility of the information prov... The Importance of Promoting Non-Financial Disclosure of Intellectual Property for Corporate Value Enhancement [Research Fellow] Jung, Heechul / Aug. 05, 2025 The importance of intangible assets, including intellectual property (IP), in corporate value has grown significantly due to technological advancements and the increasing sophistication of industrial structures. However, traditional financial information is limited in adequately reflecting the value of companies’ intangible assets. This exacerbates information asymmetry, making... 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...