#South Korea #Seoul #Broadridge #Proxy Voting #Korea Securities Depository

Broadridge and Korea Securities Depository Partner for Proxy Voting Modernization

In a strategic move towards enhancing the efficiency and competitiveness of Korea's capital market, Broadridge Financial Solutions, Inc., a leading global fintech provider, has announced the signing of a memorandum of understanding (MOU) with the Korea Securities Depository (KSD). This partnership, formed on September 28, 2026, aims to modernize the proxy voting infrastructure for international investors holding Korean equities.

Objectives of the Collaboration

This groundbreaking collaboration focuses on several key objectives:

• - Digitization of Voting Processes: The two organizations aim to digitize and automate the entire proxy voting process for overseas investors. This transition to a more digital framework seeks to simplify and streamline the voting journey, making it more efficient.
• - Enhanced Transparency and Governance: The parties also plan to enhance transparency and governance standards that align with global best practices. By doing so, KSD seeks to bolster its international reputation and trustworthiness in the global capital markets.
• - Strengthening Global Competitiveness: By modernizing the proxy voting system, KSD aims to solidify Korea's status as a reliable and competitive player in the global financial landscape.

Benefits for International Investors

Through this MOU, Broadridge and KSD aspire to boost foreign investors’ accessibility to the Korean capital market. Tim Gokey, the CEO of Broadridge, expressed that the agreement is a critical step toward refining the cross-border proxy voting experience, which has become increasingly important in today’s interconnected financial world.

Yunsu Rhee, the Chairman and CEO of KSD, echoed this sentiment, asserting the MOU's role in promoting a more transparent and globally integrated market in Korea. He believes that by improving accessibility for international investors, confidence in the Korean equity market will swell, encouraging greater foreign investment.

Further Developments on the Horizon

As the collaboration progresses, Broadridge and KSD may extend the scope to cover additional proxy-related areas, indicating a long-term vision for continuous improvement in Korea’s financial infrastructure. Both firms bring significant expertise to the table; Broadridge has a proven track record in advancing proxy systems in various jurisdictions, while KSD has long been a stalwart of Korea's financial services sector since its inception in 1974.

About the Parties Involved

Korea Securities Depository (KSD): As the central securities depository of Korea, KSD plays a pivotal role in ensuring the safe and efficient functioning of the capital markets. It offers critical post-trade services, including securities settlement, custody, and collateral management, all designed to improve the market's operational efficiency. KSD additionally connects Korea's capital market with international markets, facilitating foreign investments in Korean securities.

Broadridge Financial Solutions: Operating globally, Broadridge provides transformative solutions that allow clients in the financial services sector to operate and innovate effectively. With a reputation for reliability, Broadridge's technology underpins billions of communications annually, supporting trading of traditional and tokenized securities globally. The company is recognized as aGreat Place to Work® and is included in the S&P 500® index.

In conclusion, this partnership between Broadridge and KSD illustrates a significant step towards modernizing Korea’s proxy voting system, making it more efficient, transparent, and appealing to international investors. With the shared vision of both parties, the Korean capital market stands to gain immensely, paving the way for a robust market ecosystem that meets global expectations and standards.