SET renews cooperation pact with Korea Exchange
The Stock Exchange of Thailand (SET) on Monday signed a renewal of its memorandum of understanding (MoU) with the Korea Exchange (KRX).
This extends the bourses’ synergised efforts on capital-market development and business opportunities, including product and service development, IT infrastructure cooperation and information exchange.
SET president Kesara Manchusree said: “The MoU between the SET and KRX, spanning another five years from today to February 4, 2023, underscores the SET’s strategic plan to enhance fund-raising and investment in order to create business opportunities for long-term growth in the region.
“The extension of the MoU period will foster our long-term relationship and synergise concerted efforts on new products and services development. The agreement also embraces cooperation for improving IT infrastructure, investment activities to expand investors’ opportunities, seeking the possibility of collaborative investment as well as information sharing to further strengthen the development of the two capital markets.”
The initial MoU between the exchanges was signed in 2006.
Cooperation between the two markets also includes implementing new technology for the clearing and settlement systems for equity and derivative products.
