The Tokyo Stock Exchange (TSE) and the Korea Exchange (KRX) have signed an agreement to support each other.
In the Memorandum of Understanding, the exchanges promise to promote each other, share the investor relations information of companies with users of both exchanges, and work on co-trading arrangements.
A spokesman for the Mizuho Corporate Bank in Tokyo said that the agreement will encourage the exchanges to work on a full market alliance, and he expects them to gradually build a closer partnership.