KRX outlines strategies to improve Korea’s capital market

The head of Korea’s main bourse operator outlined Thursday a number of plans the bourse operator will push ahead this year to strengthen the competitiveness of the local capital market that includes extending the country’s stock trading hours, ultimately, to 24 hours. Such plans were unveiled by the chairman of the Korea Exchange (KRX), Jeong Eun-bo, at a press conference in Seoul, which came after the benchmark Korea Composite Stock Price Index (KOSPI)’s world-beating performance last year. In an effort to strengthen the global competitiveness of the local capital market, the KRX will open a pre- and after-hours market in June, and take steps to eventually allow stock trading around the clock on weekdays. Leveraged exchange-traded funds (ETFs) and other investment products, such as weekly options, will be newly introduced to the market, the KRX said. Efforts to include the local stock market in the Morgan Stanley Capital International (MSCI) index will also be underway, including the early enforcement of English-language regulatory filings for KOSPI-listed companies, it added. On efforts

Latest News from Korea

Latest Entertainment from Korea

Learn People & History of Korea