The attached booklet outlines Korea's efforts to introduce an alternative trading system (ATS) with aims to make qualitative improvements in domestic capital market infrastructures.

With the introduction of an alternative trading system (ATS) operated by Nextrade from the first half of 2025, the Korean stock market will make a transition from a single-exchange market to a multiple-exchange and competition-based market system.

In this regard, the financial authorities and related organizations will work to (a) provide a new stock trading experience unmatched to that of a single-exchange trading system, (b) ensure an integrated oversight for market management, supervision, and investor protection to be prepared for potential dispersion of liquidity resulting from making a transition to a multiple-exchange system, and (c) revamp relevant rules and regulations under the legal framework of the FSCMA to ensure seamless introduction and operation of an ATS.

Please see the attached PDF for details.