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THE INVESTOR] South Korea’s bourse operator will continue to transform itself into a holding company despite concerns that the initiative may be stalled by political turmoil, it said on Dec. 21.
The Korea Exchange has argued that the shift in its governance structure is necessary to raise its global competitiveness.
It has operated a task force since April 2015 for a case study and a review of related legislation and regulation.
The KRX plans to disband the team within this month and instead create a permanent organization to specialize in the matter.
“A transformation into a holding company is intended to help diversify businesses and effectively push for strategic partnerships with other bourses,” it said.
“We have decided to turn the task force, which has been operated as a provisional organ, into a standing one to complete the work at an early date.”
(
theinvestor@heraldcorp.com)