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Shorter Stock Settlement - Full Coverage
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1Plans aim to shorten the two-day stock settlement cycle to just one day.
2The President urged faster action, but system overhauls mean it won't be quick.
3Securities firms expect it will take 2-3 years to build and test safe systems.
1Currently, it takes two days to receive cash after selling stocks in S. Korea.
2The President questioned this, prompting a push for a one-day settlement system.
3Following the US, S. Korea plans to upgrade its system and adopt it soon.