The Korean authorities have confirmed plans to merge and demutualise the Korea Stock Exchange (KSE), Korea Securities Dealers Association Automated Quotation(KOSDAQ), and the Korea Futures Exchange (KOFEX).
The Presidential Transition Committee has announced on February 17, 2003 their proposal to consolidate the three entities, with the aim of strengthening Korea’s position in the international capital markets.
KOFEX has announced its opposition to the merger plan.