Korea Exchange and NYSE to deepen cooperation on 24-hour trading and T+1 settlement

  • Jeong Eun-bo will sign an MOU with NYSE covering market operations and infrastructure.
  • Korea Exchange plans an after-market session next month and 24-hour trading by end-next year.
  • About 20 institutional investors will attend Korea Exchange’s September 3 New York roadshow.

Korea Exchange Chairman Jeong Eun-bo is visiting the United States to sign a memorandum of understanding with the New York Stock Exchange covering market operations and infrastructure. The exchanges will share experience on extending trading hours and adopting T+1 settlement, and may establish a joint consultative body for follow-up discussions. Korea Exchange plans to open an after-market session next month and build a 24-hour trading system by the end of next year. Jeong will host a September 3 New York roadshow with Bank of America Securities for about 20 institutional investors, presenting South Korean capital-market reforms and seeking feedback on foreign-investor access. He will also visit Silicon Valley to meet technology companies and examine trends including artificial intelligence.

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