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Seoul bourse promotes KOSDAQ for foreign investors

All Headlines 15:00 February 10, 2017

SEOUL, Feb. 10 (Yonhap) -- South Korea's stock exchange made a pitch Friday for its tech-heavy market in a meeting with foreign investors.

The Korea Exchange (KRX) discussed ways to promote the secondary KOSDAQ with the representatives from around 10 foreign firms including JP Morgan and BNP Paribas.

The luncheon meeting was hosted by Kim Jae-joon, chief executive officer of the KOSDAQ market.

The participants "discussed the need for the KOSDAQ's marketing to benchmark the U.S. NASDAQ, which has taken root as a high-tech innovation market," the KRX said.

Those foreign investors asked the KRX to develop various types of investment vehicles including futures and derivatives, it added.

Kim Jae-joon (4th from right in the front row), chief executive officer of the Korea Exchange (KRX)'s KOSDAQ market, poses in Seoul on Feb. 10, 2017, for a photo in a meeting with representatives from foreign firms in this picture provided by the KRX. (Yonhap)

lcd@yna.co.kr
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