Sunday, December 11 2016

VietNamNews

VN firms sought for listing on Korean market

Update: January, 21/2016 - 09:59
The KRX sees Viet Nam and Indonesia as the largest markets in the Southeast Asian region, thanks to their stable economic growth and potential for listing on the KRX. — Photo tmadenton.com
SEOUL  (VNS) — The Korean Exchange (KRX), the operator of Korea's Securities and Derivatives Markets, said it has set up a working group of financial and legal experts to attract Vietnamese enterprises to the KRX.

A similar group was also established to target Indonesia's big businesses.

The groups will draw up action plans and organise meetings to introduce and provide financial consultations to potential enterprises. In the first phase, they will focus on luring foreign-invested businesses with successful performance in Viet Nam and Indonesia.

Earlier, the KRX also delved deep into regulations, accounting systems, and state ownership related to initial public offering (IPO) activities in the two Southeast Asian countries.

In addition, it plans to cooperate with local financial institutions to deal with barriers arising from the share-listing process.

The KRX sees Viet Nam and Indonesia as the largest markets in the Southeast Asian region, thanks to their stable economic growth and potential for listing on the KRX.

The KRX's move aims to lift its position in the international financial market while diversifying target markets and drawing attention from enterprises in other countries.

According to KRX statistics, 128 foreign businesses listed their stocks on the exchange in 2015. Last year, the Korea Composite Stock Price Index (KOSPI) also saw record highs.— VNS

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