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South Korea to run 6 months or more of tests ahead of T+1 securities settlement shift

South Korea plans to shorten the domestic securities market settlement cycle and will give market participants sufficient preparation time, switching only after integrated testing lasting at least six months. The Ministry of Economy and Finance said it explained a draft T+1 settlement roadmap and heard views from global investors at a meeting chaired by Moon Ji-sung (문지성). Global investors warned of heavier workloads and possible settlement difficulties, and called for continued discussions on measures such as responses to settlement failures.