Monday July 6 2015

News Source: Global Exchanges

Focus: Other

Type: General




The FSC has outlined its plan to strengthen the global competitiveness of Korea and boost its capital markets to fund innovative businesses.

Key Points include the following:

  • The structure of the Korea Exchange (KRX) will be converted into a holding company with spin-offs of KOSPI, KOSDAQ and the derivatives market.
  • The spun-off KOSDAQ will be fostered to compete with KOSPI by attracting listings of innovative companies and introducing new products and services.
  • The KRX holding company (“KRX Holding Company”) will peruse its IPO.
  • Relevant regulations will be eased to facilitate the establishment of an alternative trading system.

Click on the link above for further details.