Korea Exchange To Step Up For Globalization

By AJP Posted : February 28, 2011, 11:25 Updated : February 28, 2011, 11:25
South Korea‘s stock exchange will step up efforts to bring in more global companies to its bourse for listing and to expand its business to more diverse sectors.

It is also considering launching its own public offering as part of the try to globalize its operations.

Kim Bong-soo, president of the bourse said in his first year anniversary in the post that major global stock exchanges have already completed an IPO, and in order to well address the global-wide restructuring of stock exchanges by carrying out mergers and acquisitions and exchanging equity stakes, the listing of KRX is an inevitable choice, reported Dow Jones Newswires on Monday.

Kim added that the bourse will prepare for the global stock exchange mergers and acquisitions deal, and it will forge partnerships with advanced global stock markets.

The bourse is also considering plans to introduce real-time cross-border trading with bourses worldwide such as Hong Kong, Brazil, Turkey and Japan. Japan and Hong Kong is likely to make the plan feasible in the future.

The Korea Exchange is also working to attract global companies listed in overseas bourses to also list in the Seoul stock market.

“We need to grow larger in order to cope with the rapidly changing global environment,” he added.


(아주경제 앤드류 이 기자)
기사 이미지 확대 보기
닫기