Financial Services Commission chairman Lee Eog-weon, right, speaks during a conference in Seoul, Thursday. Yonhap
The country's financial regulator said Tuesday that it will draw up a roadmap by October for the introduction of the "T+1" stock settlement system.
Currently, South Korea adopts a "T+2" scheme, where stock trading settlement occurs two business days after the trading date, in order to ensure settlement stability.
Earlier this year, President Lee Jae Myung proposed the idea of shortening the stock settlement period to increase market efficiency.
The Financial Services Commission (FSC) said the shortening of the settlement period would help market efficiency, and draw up measures by October this year.
