Under the terms of the MOU, the NYSE and KSE agreed to work together on the further development of both markets, assist each other in the maintenance of fair and orderly markets, and facilitate more formalized channels of communication.
“We look forward to advancing our partnership with the Korea Stock Exchange and listed companies from Korea, an increasingly important market for global investors,” said NYSE CEO John A. Thain. This arrangement will benefit investors and the financial-services industry in Korea and the U.S.”
“We are very pleased that the KSE and the NYSE have agreed to cooperate with each other in a more formal way,” said Korea Stock Exchange Chairman & CEO Yung-Joo Kang. “We highly value our relationship with the NYSE, the world’s leading equities market. This MOU enhances the international standing of the Korea Stock Exchange with global investors, and we look forward to extending our relationship with the NYSE.”
There are currently eight companies from Korea listed on the NYSE.
