Korea Exchange (KRX) said on the 1st that Chair Jeong Eun-bo departed on the 31st to attend the second board meeting of the World Federation of Exchanges (WFE) and to visit Norway's sovereign wealth funds.
Jeong will attend the second WFE board meeting to be held in Luxembourg on the 2nd. At this meeting, Jeong plans to meet with leaders of major global exchanges, including NASDAQ, the Chicago Mercantile Exchange (CME), and Japan Exchange Group (JPX), to discuss exchange management issues and ways to boost competitiveness.
A key agenda item is the response to "tokenized stocks," where transactions have been increasing mainly on overseas digital transaction platforms.
Jeong is set to share views with global leaders on strategies to secure technological and legal standards for regular exchanges. The parties will also discuss how the growing "prediction markets," which provide investment opportunities tied to political and economic issues such as interest-rate levels and geopolitical risk, affect the traditional exchange industry and corresponding response strategies.
Jeong Eun-bo said, "Amid market structure changes with the emergence of various types of transaction platforms, we plan to hold in-depth discussions with global exchange CEOs on the role of regular exchanges and ways to strengthen competitiveness."
Following the WFE board schedule, Jeong will meet on the 4th with Chief Investment Officer (CIO) Malin Norbury of Norway's sovereign wealth funds.
At the meeting, Jeong plans to explain the direction and major outcomes of system improvements in Korea's capital market pursued by the government and the exchange, and to exchange overall views.
In particular, Jeong plans to actively convey key market system improvements implemented to enhance access for foreign investors, including the expansion of English-language disclosures. Jeong will also listen to assessments and areas of interest regarding the Korean market from the perspective of global long-term investors.
Jeong said, "Now, as Korea's capital market is continuing historic achievements, is the right time to showcase the appeal of our stock market," adding, "We will continue to build trust through close communication with global sovereign wealth funds and pension funds."