The New York Stock Exchange and the Korea Exchange will collaborate on settlement-cycle modernization, extended trading hours, exchange-traded funds, and market data and index products under a memorandum of understanding. The agreement broadens Korea Exchange efforts to attract long-term foreign investment in South Korean equities, including Chairman and CEO Jeong Eun-bo's meeting with CalPERS CIO Stephen Gilmore in Sacramento. CalPERS managed roughly $637.1 billion as of June 30 and has approximately 2.4 million members. Jeong also planned a New York roadshow for global asset managers and hedge funds. NYSE President Lynn Martin said the agreement reflects a shared commitment to stronger and more accessible markets.