The Korea Exchange announced on the 14th that it signed a contract for a 'next-generation clearing and settlement system' with the Stock Exchange of Thailand. The Korea Exchange was selected as the final contractor for the clearing and settlement system reconstruction project after winning against global competitors in a tender conducted by the Stock Exchange of Thailand.
According to this contract, the Korea Exchange plans to update the clearing and settlement system of the Stock Exchange of Thailand, which was established in 2015, to the 'EXTURE 3.0-based clearing and settlement system.'
The Stock Exchange of Thailand was established in 1975. As of March this year, 858 corporations are listed. The market capitalization is approximately $432 billion (618 trillion won).
The Korea Exchange expects that this contract will further strengthen the presence of Korean-style stock market infrastructure in the Southeast Asia region. A Korea Exchange official noted, "We will continue to strive for IT (information technology) system exports to create future revenue sources."