Business · Companies · 3 hrs ago

Korea Securities Depository named top small LEI issuer

Korea Securities Depository named top small LEI issuer

Korea Securities Depository won a global award as the top small issuer of Legal Entity Identifiers, or LEIs.

An LEI is an international ID for a legal entity, such as a company or financial institution, and can be required to open a financial transaction account.

The award covers small Local Operating Units with fewer than 5,000 LEIs and recognises data quality, service and contributions to the global system.

The South Korean institution has managed 2,119 LEIs as of the end of October.

Since gaining approval as an issuer in 2017, it has provided the service in South Korea and nine English-speaking countries.

The award recognises its service in the global LEI system, which is managed by 40 regional operating units.

The institution says it will continue providing high-quality LEI services and work to expand their use in finance and other industries.

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What people are saying

Korea Securities Depositoryinstitution
We will continue to provide reliable, high-quality LEI services.
via Yonhap
We will make active efforts to ensure that LEIs are widely used not only in financial markets but also in other industries.
via Yonhap