Rising Government Bond Yields across Advanced Economies and the Response of the Korean Treasury Bond Market [Senior Research Fellow] Kang, Hyunju / Nov. 03, 2026 Long-term yields in major advanced economies have risen in tandem over the past year, but the causes differed from country to country. The rise was driven by a repricing of the monetary policy path and a higher term premium in the United States, by a term premium transmitted from the United States in the United Kingdom, by a risk premium reflecting fiscal and political risks in... Developing Korea’s Secondary Market: Lessons from Global Markets [Research Fellow] Kim, Jinyoung / Nov. 03, 2026 Secondary markets allow investors to exit and redeploy capital while giving companies the time they need to grow. Globally, both limited partner (LP)-led and general partner (GP)-led transactions are expanding in response to constraints on traditional exit routes and longer holding periods. LP-led transactions have become an established means of generating liquidity and managin... Outlook and Development Priorities for the Market Data Industry [Research Fellow] Noh, Sungho / Nov. 03, 2026 The global market data industry has continued to grow, driven by the proliferation of AI-based analytic tools and a broadening investor base, with total spending reaching a record USD 49.2 billion in 2025. Alongside this quantitative growth, the industry’s tendency to generate increasing returns as data accumulates is expected to concentrate the benefits among a handful of larg... The Integration of Perpetual Futures into Regulated Markets and Changes in Derivatives Markets [Senior Research Fellow] Nam, Gilnam / Oct. 20, 2026 Perpetual futures are futures contracts without an expiration date. They have grown rapidly in crypto markets owing to their advantages of requiring no contract-month rollover and allowing trading liquidity to be concentrated in a single contract. In 2026 in particular, perpetual futures have been expanding into traditional underlying assets for derivatives, such as equities an... Asset Revaluation: Current Status and Economic Implications [Research Fellow] Yee, Ha Yoon / Oct. 20, 2026 Growing attention to the valuation of low-PBR firms in Korea has brought questions about whether the book values of corporate assets accurately reflect their underlying economic values. Asset revaluation is an accounting treatment in which the carrying amounts of tangible assets such as land and buildings are remeasured at fair value. When asset revaluation increases the carryi...