Date
2012.12.26
South Korea's bourse operator said Wednesday it has signed a deal with its Vietnamese counterpart to export a stock market operating system in an effort to extend its presence in the global market.
Under the deal, the Korea Exchange (KRX) will provide Ho Chi Minh City Stock Exchange, Hanoi Securities Trading Center, and Vietnam Securities Depository with its advanced stock trading system that runs in line with international market standards, the operator said.
The move comes after signing a preliminary deal with the Vietnamese government in October 2009, when the KRX was selected as a preferred bidder for the project to build a state-of-the-art stock market infrastructure there.
The KRX has been ramping up efforts to make inroads into overseas markets in a bid to boost its global presence. It has already started to undertake similar projects with a handful of Southeast Asian countries.