Korea Capital Market Institute

Introduction of Listed Share Classes for Public Offering Funds: Prospects and Challenges [Senior Research Fellow] Kim, Jaechil / Nov. 11, 2025 Listed share classes of public offering funds will begin trading on October 27, 2025, starting with two funds. The introduction of listed share classes for public offering funds is regarded as a viable alternative that can broaden investment choices for investors who prefer active management in the indirect investment market while preventing the decline of active management. Fo... Industrial Policy for AI Competitiveness [Research Fellow] Noh, Sungho / Nov. 11, 2025 Amid growing expectations for productivity innovation through Generative AI, major advanced countries are pursuing industrial policies to strengthen AI competitiveness at the national strategy level. In this article, I compare AI industrial policies of the United States, China, and Europe to analyze each country's policy objectives and the role of capital markets in achieving t... Trends and Challenges in Extending Stock Market Trading Hours [Senior Research Fellow] Lee, Sungbok / Oct. 28, 2025 The United States is now leading efforts to extend stock market trading hours following its recent shortening of the settlement cycle. In response, major economies such as the United Kingdom, Germany, and Hong Kong are also considering similar extensions. Longer trading hours can enhance market accessibility for both domestic and foreign investors, thereby improving market liqu... Expanding Household Participation in Capital Markets: Rationale and Challenges [Research Fellow] Jung, Whayoung / Oct. 28, 2025 The wealth-accumulation pattern of Korean households—heavily concentrated in real estate—limits the flow of surplus funds into high-productivity industries, thereby constraining the economy’s growth potential and dynamism. Research indicates that revitalizing corporate financing through capital markets promotes private-sector growth, particularly among innovative firms, and sup... Tax Base for Education Tax of Financial Companies and the Need for Profit and Loss Netting [Senior Research Fellow] JANG, GEUNHYUK / Oct. 14, 2025 Issues have been raised regarding the tax base calculation method for the financial company education tax, which reflects only gross gains regardless of overall profit and loss. For securities, foreign exchange, and derivatives, differences in calculated gains amounts occur even when the economic substance is the same, depending on various transaction methods. This has been par...