US EditionPresident Lee: "I Sold Stocks Today, so Why Am I Being Paid the Day After Tomorrow? … Considering Adjustments"
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On the 18th, President Lee Jae-myung said, "There is talk asking why the money is given the day after tomorrow when stocks were sold today," adding, "If necessary, I think it would be worth considering this as one of the agenda items for adjustment." President Lee stated that he received a message containing these remarks from Park Yong-jin, Vice Chairman of the Regulatory Rationalization Committee, while attending the 'Meeting on Capital Market…
Lee: "Why Are Stock Sale Proceeds Paid Two Days Later?"… Exchange Moves to Shorten Settlement Period
As President Lee Jae-myung raised concerns about the ‘T(transaction day)+2’ settlement system, where actual payments are settled two days after a stock transaction, the Korea Exchange decided to prepare to shorten the settlement period. On the afternoon of the 18th, President Lee presided over the ‘Meeting on Capital Market Stabilization and Normalization’ at the Blue House and [mentioned] Park Yong-jin, Vice Chairman of the Regulatory Reform Co…
On the 18th, President Lee Jae-myung pointed out that domestic stock trading operates on a ‘T+2 settlement’ system, where the actual payment is settled two days after a trade is executed, and suggested, “I think it would be worth considering this as one of the agenda items for adjustment if necessary.” On this day at the Blue House, President Lee [met with] the theme of ‘Capital Market Stabilization and Normalization’…
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