A file picture on South Korea's stock market. [Namgung Jin-woong= timeid@ajunews.com]
South Korea's stock market operator said Wednesday it has signed a contract with its Vietnamese counterpart to set up the IT infrastructure for the Southeast Asian nation's equity trading.
Under the deal with the Hochiminh Stock Exchange (HoSE), the Korea Exchange (KRX) will offer a set of programs based on a next-generation system, called EXTURE Plus, to meet the entire requirements for Vietnam's stock trading, including market information, market surveillance, clearing & settlement, and depository & registration.
The KRX's system will be used in the HoSE-affiliated Hanoi Stock Exchange as well. The agreement represents a "significant milestone to both capital markets and will further solidify the critical strategic partnership that exists between both countries," said the KRX.
The KRX has already exported its advanced IT-related skills to Malaysia, Cambodia, Laos, the Philippines, Uzbekistan, Thailand, and Azerbaijan.
(Yonhap)
reporter
Park Sae-jin
swatchsjp@ajunews.com
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