Jung Eun-bo, chair of Korea Exchange (KRX), left on the 20th to attend the Asian and Oceanian Stock Exchanges Federation (AOSEF) annual meeting, hold a Hong Kong global roadshow, and visit the Shenzhen Stock Exchange.
Jung is scheduled to attend the 40th AOSEF annual meeting to be held in Hong Kong on the 22nd.
AOSEF was founded in 1982 to expand cooperation and information sharing among stock exchanges in Asia. Currently, 17 exchanges across 13 countries in Asia, including Korea, Japan, and China, participate as members.
At this AOSEF annual meeting, Jung and heads of major Asian stock exchanges are expected to discuss the direction of capital market development and ways to strengthen cooperation among exchanges, and to seek joint responses to changes in the global capital market environment.
In particular, an exchange of views is expected on key issues such as the role of exchanges in responding to changes in the global capital market environment, expanding the investor base, and improving market infrastructure.
In addition, before the meeting, on the 21st in Hong Kong, Jung will co-host a global roadshow on the Korean stock market with Morgan Stanley for major institutional investors. About 50 institutional investors, including global asset managers and hedge funds, are expected to attend.
The roadshow is being held in Hong Kong, the financial hub of the Asia-Pacific region, to explain the results of improvements to Korea's capital market system to overseas investors and to expand interest and participation in the Korean stock market.
In particular, the event will introduce key policy directions, including amendments to the Commercial Act and tax law to enhance shareholder value and the government's efforts to revitalize the capital market, and will focus on explaining improvements to market infrastructure to enhance foreign investor access.
On the 23rd, Jung is scheduled to visit the Shenzhen Stock Exchange, which operates a market centered on technology and innovative companies.
Jung said, "We will strengthen our network with major Asian exchanges and further enhance competitiveness in the global capital market."