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S. Korea's stock exchange reaching out to Taiwanese traders

All Headlines 15:24 September 05, 2016

SEOUL, Sept. 5 (Yonhap) -- South Korea's bourse operator on Monday sought to attract more Taiwanese investors, saying the aggregate net profit of South Korea's listed firms is expected to hit an all-time high of 116 trillion won (US$104 billion) this year.

"South Korean shares will be a chance for Taiwanese investors to relish growth potential and stability simultaneously," Lee Yong-kook, a senior official at the Korea Stock Exchange (KRX), said in a forum held in Taipei, according to the KRX.

He was making a pitch for the South Korean stock market in the marketing event co-hosted by the Taiwanese stock exchange and Yuanta Securities Investment Trust Co.

Lee also introduced the exchange-traded funds (ETFs) linked to the KOSPI 200 that will be listed on the Taiwanese equity market in the last quarter of the year, added the KRX.

"Now that Taiwanese shares also record 4 percent level dividend yields a year, they can provide South Korean investors with an opportunity for new dividend-related value investments," he said. "Brisk exchanges and cooperation are expected between the two markets."

The KRX plans to hold a similar promotion event in Seoul for Taiwanese stocks, titled "Taiwan Day in Korea," on Sept. 22.

An image of stock numbers next to South Korea's stock market building in a photo provided by Yonhap News TV (Yonhap)

lcd@yna.co.kr
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