The Korea Financial Investment Association announced that on the 18th, Chairman Seo Yu-seok held a meeting at the Korea Financial Investment Association with a delegation including Kitipong Urapeepatanapong, Chairman of the Stock Exchange of Thailand, and exchanged broad opinions on cooperation measures between the financial investment industries of the two countries.
The Stock Exchange of Thailand was established in 1974. Currently, with a market capitalization of approximately $463 billion (639 trillion KRW), it is the third largest market in ASEAN after Indonesia and Singapore. In 2014, it signed a Memorandum of Understanding (MOU) on educational cooperation with the Association, and a training group including the Chairman of the Exchange visited the Association's training center for hands-on experience.
The Thai Exchange delegation benchmarked various know-how regarding the role of self-regulation in the Korean capital market and the Association's market support activities to support measures such as restrictions on high-frequency trading and short selling, which were strengthened to promote the listing of clean energy-related companies by the Thai government and stabilize the securities market.
Chairman Seo Yu-seok said, “Based on the long-standing capital market cooperation between Korea and Thailand, we will closely cooperate and support the Stock Exchange of Thailand when domestic member companies enter the Thai market in the future.”
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