의무보호예수제도 - 법적 쟁점을 중심으로

Compulsory separate safekeeping

&nbsp;&nbsp;Separate Safekeeping is a service in which KSD(korea securities depository) holds deposited securities apart from other securities and returns the same securities certificates when participants request them. Unlike ordinary deposit, KSD does no hold them on a fungible basis nor transfer by book-entry. As these securities are not registered in its name, KSD does not exercise on the holder’s behalf any rights arising from these securities.<BR>&nbsp;&nbsp;If major stockholders sells their stocks in no time After their companies were floated on the Stock Exchange, Share prices would be into free fall and small investors may lose a lot of money.<BR>&nbsp;&nbsp;If Share prices will be expected to be taken a nosedive, for the protection of small investors and the maintenance of Share prices, the restrictions on major stockholders&quot; selling stocks is needed for a period of years. For the restrictions on major stockholders&quot; selling stocks, KSD holds deposited securities for a period of years. That system is called "compulsory separate safekeeping"<BR>&nbsp;&nbsp;We have little concern of "compulsory separate safekeeping", but that system have a strong influence on share prices, thus we must have more interest. This paper is intended to study KSD and other interested parties&quot; Legal relationship and expected Legal problems.