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... Recent Changes in Government Bond Issuance Strategies in Major Economies and Their Implications [Research Fellow] Jung, Whayoung / Oct. 06, 2026 Major economies face changing conditions for government bond issuance as fiscal financing needs remain high, central banks reduce their bond holdings, and investor demand for long-dated bonds weakens. The United States is making greater use of short- and medium-term securities and T-bills, while Japan is reducing the share of super-long-term issuance and preparing to introduce ... Performance and Market Shares of Retirement Pension Providers [Research Fellow] Hong, Wonku / Oct. 06, 2026 Korea’s retirement pension market has grown rapidly, with total assets reaching KRW 501.4 trillion at the end of 2025. While the share of defined benefit (DB) plans has declined, defined contribution (DC) plans and individual retirement pension (IRP) accounts have expanded rapidly, along with investment in performance-linked products such as funds, target date funds (TDFs), and... The Structural Backdrop to the Rise in Long-Term US Treasury Yields and Its Implications [Senior Research Fellow] Kang, Hyunju / Sep. 22, 2026 Since the end of June, the rise in long-term US Treasury yields has been driven by the term premium and real rates rather than by monetary policy expectations or inflation concerns. Estimates are subject to methodological uncertainty, but the factors most often cited in the market—expanded AI-related bond issuance, an erosion of the safe-asset premium on US Treasuries, and unce...