Has South Korea's Main Bourse Operator Opened a New York Office?
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Synopsis
The Korea Exchange opens a new office in New York, enhancing its presence in North America. This strategic move aims to strengthen ties with institutional investors and facilitate networking with global financial institutions. The KRX's CEO emphasizes the importance of timely information and local market adaptation in this latest endeavor.
Key Takeaways
- KRX opens new office in New York to enhance its presence in North America.
- Networking with institutional investors and global financial institutions is a key focus.
- CEO Jeong Eun-bo emphasizes timely information for investors.
- KRX now operates in four major financial hubs including Singapore and London.
- FSS aims to strengthen capital market protections for financial customers.
Seoul, Sep 15 (NationPress) The Korea Exchange (KRX), the primary bourse operator in South Korea, announced on Monday the inauguration of its new office in New York, aimed at enhancing its footprint in the North America region.
On the same day, a formal ceremony to mark the opening of the KRX office in the Manhattan area will take place, featuring the participation of the head of the Securities Industry and Financial Markets Association (SIFMA) and other officials from various global financial institutions, as reported by Yonhap news agency.
The newly established office is designed to bolster marketing efforts and facilitate networking with institutional investors, brokerages, and financial institutions based in the city, KRX stated.
"Our objective is to deliver timely information essential for investors in North America while actively gathering feedback from the field to adapt to the local market," said Jeong Eun-bo, the CEO of KRX.
With the launch of its New York office, KRX now operates in four major global financial centers, including Singapore, Beijing, and London.
Additionally, Jeong is expected to sign a memorandum of understanding with Xpansive Ltd., a carbon credit brokerage based in California.
Meetings are also scheduled with Lynne Fitzpatrick, the president of the Chicago Mercantile Exchange (CME), and Creg Donahue, CEO of Cboe Global Markets Inc., to explore potential collaboration in the derivatives market, according to KRX.
In related news, the head of the country’s financial regulatory body emphasized on Monday that the agency will intensify its efforts to enhance the capital market while ensuring the protection of financial customers.
During a discussion with leaders of foreign financial companies operating in the country, Lee Chan-jin, governor of the Financial Supervisory Service (FSS), stated that foreign firms should strengthen their risk management practices in response to growing market volatility.
"Support for shareholder protection and measures for market advancement will boost the confidence and appeal of South Korea's capital market," Lee remarked.
The FSS chief pointed out the increasing complexity of financial products and the necessity for foreign institutions to elevate the value of their financial offerings for customers.
"While there may be differences in how products are marketed between local and foreign financial institutions, the fundamental principle of safeguarding customers must be upheld," he added.
Point of View
The opening of the KRX office in New York is a vital step towards establishing South Korea as a significant player in the global capital markets. This move reflects the nation's commitment to enhancing its financial infrastructure and fostering international collaboration, which is essential for attracting foreign investment.
NationPress
15/09/2025
Frequently Asked Questions
What is the purpose of the KRX office in New York?
The KRX office aims to strengthen marketing efforts and networking with institutional investors, brokerages, and global financial institutions in North America.
Who attended the opening ceremony?
The opening ceremony included the head of SIFMA and officials from various global financial institutions.
What did the KRX CEO say about investor information?
The KRX CEO emphasized the importance of providing timely information to investors in North America and adapting to local market feedback.
How many global financial centers does KRX operate in?
With the New York office, KRX now operates in four major global financial centers: New York, Singapore, Beijing, and London.
What are the FSS's plans for the capital market?
The FSS plans to double efforts to advance the capital market while ensuring the protection of financial customers.
