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Seoul/Tokyo November 19, 2007 – Today the KODEX 200 ETF (KOSPI200) has been listed on the Tokyo Stock Exchange, giving both institutional and private investors in Japan easy access to Korean shares for the first time through Korea's most representative index – the KOSPI200. The listing of this ETF is a direct result of discussions between the two exchanges based on the cooperative agreement signed in July, 2006.
Young-Tak Lee, Chairman and Chief Executive of the Korea Exchange commented:
"I am delighted that this ETF based on the Korea Exchange's KOSPI200 is listing on the Tokyo Stock Exchange today. The cross-listing of ETFs provides investors with a convenient tool that enables them to easily access foreign markets, while at the same time expands the demand base for the exchange providing the index. As such, I am confident that the listing of KODEX 200 ETFs will be a catalyst for the mutual growth of our two markets in the future."
The KODEX 200 ETF is based on the KOSPI200 – a market capitalization-weighted index comprised of 200 blue-chip stocks traded on the Korea Exchange. These stocks are chosen from all listed issues based on liquidity, as well as how well they represent their respective industry groups and the market as a whole. The index accurately reflects developments in the Korean stock market, and is a highly reliable representative indicator.
Jae-Young Kang, President & CEO of. Samsung Investment Trust Management Co., Ltd. commented:
"The KODEX 200, a representative Korean stock ETF, is a listed investment trust that aims to track the KOSPI 200 – a Korean stock index that reflects stock price trends in the leading 200 issues listed on the Korean Exchange. By listing the KODEX200 on the Tokyo Stock Exchange, we at Samsung Investment Trust Management Co., Ltd. hope to live up to the expectations of Japanese investors with a high interest in investing in the Korean stock market by offering them a Korean stock ETF that possesses the attractiveness of both a stock and an investment trust in one product."
Atsushi Saito, President & CEO of the Tokyo Stock Exchange, Inc. commented:
"We are very pleased to be the first market in Japan to welcome a Korean ETF, and are deeply honored to be the first Exchange outside of Korea to list the KODEX200. We are indeed delighted that the cooperative agreement between the Korea Exchange and the Tokyo Stock Exchange has generated such a great result."
