Korea to merge exchanges

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South Korea’s three existing exchanges will merge to form a single entity, following the passing of a new bill by the Korean government in early January.

Under the Korea Exchange Establishment Act, the country’s three existing exchanges – the Korea Stock Exchange (KSE), the Korea Futures Exchange (Kofex) and Kosdaq – will merge to form the Korea Exchange within a year’s time, say exchange officials.

The new Korea Exchange will consist of five divisions: the stock and bond market division, whic

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