Korea Capital Market Institute

Impact of Won-Denominated Stablecoins on the Foreign Exchange Stability and Directions for Global Scalability [Senior Research Fellow] LEE, Seungho / Sep. 16, 2025 Amid active discussions on the introduction of a Korean won-based stablecoin, expectations for financial innovation are rising, while concerns are also emerging over potential risks to foreign exchange stability. However, since it is difficult to identify clear channels for capital outflows, and unless exceptional situations such as a coin run occur, the negative impact on fore... Introduction of Stablecoins in Korea and User Protection [Senior Research Fellow] Hwang, Seiwoon / Sep. 16, 2025 While various debates regarding the pros and cons of introducing stablecoins are ongoing, efforts to introduce regulatory frameworks domestically are becoming visible, taking into account the situations in the EU, United States, and Japan. In establishing domestic stablecoin regulations, it is essential to thoroughly prepare user protection provisions to ensure that market conf... Increasing Demand for Overseas-Listed ETFs in Korea: Causes and Policy Challenges [Research Fellow] Kim, Minki / Sep. 02, 2025 Amid the growing trend of overseas investment by Korean investors, demand for overseas-listed ETFs has also been steadily rising. Analysis of related data suggests that this is not merely a temporary trend, but rather a structural phenomenon driven by the interplay of domestic–foreign tax and regulatory disparities and individual investors’ risk appetite. While domestically lis... MSCI Market Accessibility Evaluation Analysis and its Implications [Senior Research Fellow] Kim, Hansoo / Sep. 02, 2025 MSCI continues to classify Korea as an emerging market, with its 2025 review showing little change from the previous year. Korea is the only country in the region to receive a “needs improvement” rating across all six key areas—foreign exchange market liberalization, investor registration, information flow, clearing and settlement, capital transferability, and investment instru... 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...