General Administration Company

A general administration company performs office management of ETF commissioned by collective investment company. Currently, it is performed by Korea Securities Depository. KSD calculates NAV of ETF everyday after KRX market closes and makes official disclosure via KRX and KOSCOM. The NAV which is calculated here will be the real-time reference price of NAV on the next day. In addition, general administration company calculates balance amount for creation and redemption, and makes public notice.