Korea Exchange (KRX) awarded System R&D as the top corporation for foreign exchange risk management this year and YC as an excellent corporation.
On the 3rd, Korea Exchange (KRX) said it held the "Foreign Exchange Risk Management Excellence Awards" at its Seoul headquarters that day.
The award-winning corporations were evaluated as having built and operated efficient foreign exchange risk management processes in-house, based on the chief executive officer's (CEO) clear understanding of foreign exchange risk management.
The exchange also noted that corporate practitioners possessed seasoned experience in foreign exchange risk management and effectively carried out dynamic hedging in response to changes in foreign currency exposure.
The exchange has selected and awarded excellent corporations in foreign exchange risk management since 2009, targeting export and import corporations, to widely promote the importance of foreign exchange risk management and the usefulness of KRX currency derivatives.