KRX Chair Jeong Eun-bo attended the opening ceremony of the New York office and left for the United States to strengthen cooperation with U.S. derivatives and carbon credit exchanges.
On the 15th, Korea Exchange said Chair Jeong Eun-bo departed for the United States on 14th. Jeong will attend the "KRX New York Office Opening Ceremony" to be held this afternoon.
The exchange established a local office in New York to build a standing communication channel with North American investors and to enhance understanding and access to Korea's capital market. Following the opening of the London office in May, the launch of the New York office secures a marketing base for Korea's capital market in the four key global regions (Asia, China, Europe, and North America).
About 70 industry officials, including Kenneth Bentsen, CEO of the Securities Industry and Financial Markets Association, and Henry Fernandez, MSCI CEO, as well as global institutional investors, securities firms, and market evaluation agencies, are expected to attend the ceremony.
Jeong said, "The Korea Exchange New York office will serve as a bridge between Korea's capital market and North American investors in Manhattan, the undisputed center of the global financial market," adding, "We will provide North American investors with the information they need in a timely manner and reflect the diverse voices from the field in the domestic market."
On 16th, Jeong plans to sign a memorandum of understanding (MOU) with Xpansiv, a U.S. operator of a global carbon credit exchange, for business cooperation related to launching the KRX carbon credit market. He will then meet separately with Lynn Fitzpatrick, Chicago Mercantile Exchange (CME) president, and Edward T. Tilly, Chicago Board Options Exchange (CBOE) CEO, on 17th and 18th.
An exchange official said, "Jeong plans to exchange views on issues in the global derivatives market, including crypto asset derivatives that have recently been actively traded in the United States, and to discuss ways to strengthen cooperation between the two countries' derivatives markets."