Son Byung-du, Exchange Chairman, Reappointed as Director of the World Federation of Exchanges

Son Byung-doo, Chairman of the Korea Exchange (KRX), has been reappointed as a director of the World Federation of Exchanges (WFE). With this, KRX has successfully maintained its WFE directorship for eight consecutive terms since 2007.

Son Byung-du, Chairman of Korea Exchange Photo by Korea Exchange

KRX announced on the 21st that Chairman Son was reappointed as the Asia-Pacific regional representative director at the 62nd WFE General Assembly held in Bermuda on the 20th (local time).

WFE members highly praised KRX for its contributions to global capital market cooperation, digital transformation of the exchange industry, and the spread of sustainability.

Founded in 1961, the WFE is an association of exchanges representing about 80 major stock exchanges worldwide. The WFE Board of Directors is the federation’s highest decision-making body, consisting of CEOs from major exchanges such as those in the United States, Germany, and Hong Kong. It comprises 18 seats in total: 15 regional directors (5 for Asia-Pacific, 5 for the Americas, and 5 for Europe and Africa) and 3 executive committee members. Among these, the Asia-Pacific regional representative directors elected at this general assembly include the exchanges of Korea, Japan, Shanghai, Hong Kong, and India.

An exchange official stated, "Going forward, KRX plans to closely cooperate with the WFE as Asia’s representative exchange on key global capital market issues such as changes in regulatory environments, the climate crisis, and digital assets, contributing to the development of capital markets."