Broadridge Signs Memorandum of Understanding with Korean Securities Depository and Clearing Corporation to Support Modernization of Proxy Voting for International Investors in Korean Stocks
This cooperation reflects the common desire of both parties to support the Korean capital market in enhancing efficiency, transparency, and global competitiveness.
New York, September 28, 2026 / PRNewswire / -- Global fintech company Broadridge (NYSE ticker: BR) and the Korean Securities Depository and Clearing Corporation ( Korea Securities Depository, KSD) announced today the signing of a memorandum of understanding ( MOU ), stating their intention to collaborate on modernizing and upgrading Korea's proxy voting infrastructure.
This collaboration is aimed at supporting the broader strategic goals of KSD, which are to enhance the efficiency, transparency, and global competitiveness of South Korea's capital market, and to promote South Korea's development into a leading capital market ecosystem.
According to this memorandum of understanding, Broadridge and KSD intend to jointly support the establishment of a market operation model in order to achieve:
- Digitize and automate the end-to-end proxy voting process for international investors holding Korean stocks;
- Enhance transparency, accuracy, and governance standards in accordance with global best practices; as well as
- Consolidate South Korea's status as a modern, trustworthy, and globally connected capital market jurisdiction.
Both parties stated that this collaboration also reflects a common vision: to advance the long-term market leadership goals of KSD by leveraging the extensive experience and technical capabilities of Broadridge in similar infrastructure projects in other jurisdictions, all while complying with South Korean regulatory and market frameworks.
Both parties stated that the scope of cooperation may gradually expand to more areas related to proxy voting in the future.
KSD, Chairman and CEO, Yunsu Rhee stated: " KSD is committed to making South Korea's capital market more efficient and transparent, as well as more closely connected to the global market. We believe that this Memorandum of Understanding will help enhance the global accessibility of South Korea's capital market, increase its attractiveness to international investors, and strengthen their confidence in the South Korean market."
Broadridge CEO Tim Gokey stated: "This Memorandum of Understanding marks an important step in our relationship with KSD and reflects our mutual interest in advancing the cross-border proxy voting experience. By combining Broadridge's professional capabilities in the global proxy voting field with KSD's leadership in market infrastructure, we see opportunities to support the Korean market in achieving a more efficient, transparent, and accessible shareholder participation mechanism."
Both parties stated that as South Korea advances its corporate governance and capital market agenda, Broadridge and KSD may explore opportunities to meet the ever-changing needs of international institutional investors, retail investors, issuers, and market participants. This collaboration reflects the common interest of both parties in seeing South Korea continue to develop into a market that is more accessible, globally connected, and places a strong emphasis on governance.
About the Korean Securities Depository and Clearing Corporation
The Korea Securities Depository and Clearing Corporation ( KSD ) is the central securities depository and clearing institution of South Korea, as well as a key infrastructure provider for financial markets. KSD was established in 1974 and provides core post-trading services, including securities settlement, custody, electronic registration, securities lending, collateral management, and fund services, supporting the safe and efficient operation of South Korea's capital market.
KSD also connects the Korean capital market with global markets. Through cross-border securities services and cooperation with financial institutions around the world, KSD supports international funds in investing in Korean securities, which helps to enhance the accessibility, efficiency, and international connectivity of the Korean capital market.
About Broadridge
Broadridge (NYSE ticker: BR) is a global technology leader that helps customers and the financial services industry achieve operational efficiency, innovation, and growth with its trusted professional capabilities and transformative technologies. The company provides support in investment management, governance, and communication, enhancing operational resilience, improving business performance, and enhancing the investor experience.
Broadridge indicates that its technology and operational platform process and generate over 8 billion communications annually, supporting daily transactions of more than $18 trillion in global tokenized securities and traditional securities. Broadridge has obtained certifications from Great Place, to, and Work ®. It is a component stock of the S&P 500 index and employs approximately 16,000 people in 28 countries.
For more information, please visit: www.broadridge.com.
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Message sources: Broadridge Financial Solutions, Inc.
