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Korea, Taiwan to cross-list ETFs

[THE INVESTOR] Korea Exchange, South Korea’s stock bourse operator, said on Sept. 22 that it will begin listing and trading exchange-traded funds starting in October.

Korea Exchange will list ETF tracking the country’s KOSPI 200 Index on Taiwan Stock Exchange while ETFs that track the Taiwan Stock Exchange Capitalization Weighted Stock Index will be available on Seoul’s stock market from next month.

This is a follow-up measure after the two Asian stock markets signed a tentative deal to cooperate in the ETF markets of each nation in 2015.

“We plan to develop joint products tracking benchmark indices, sectors and theme indices through further cooperation with global markets including Taiwan,” Korea Exchange said in a press release.

By Park Han-na (hnpark@heraldcorp.com)
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