Monday October 19 2015
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Korean Republic
Link: http://eng.krx.co.kr/coreboard/BHPENG09004/view.jspx?bbsSeq=20347&secretYn=N
Korea Exchange (KRX) has prepared a plan to develop the ETF and ETN products as the most effective asset management tools in era of low interest rate and aging society.
The purpose of the plan is to take various initiatives including the introduction of new products in time and the removal or relaxation of market regulations, which fall in the authority of the KRX, in order to support the government’s policy to develop the ETF market announced on October 2. Furthermore, the KRX’s plan aims to foster the ETN market opened in November 2014 as another axis for asset management along with the ETF market.
Development Plan for ETF Market
- To introduce new products in time to meet the investors’ needs
- To deregulate the ETF market
- To strengthen the investor protection through the reinforced management of disparity ratio and provision of additional investment information
- To Internationalize the ETF market
- To introduce non-taxable overseas equity ETF (Under discussion with the Ministry of Strategy and Finance)
Click on the link above for further details.