Exchange Joins Index Industry Association, a Consortium of Index Operators... Third in Asia

The Korea Exchange announced on the 28th that it has joined the Index Industry Association (IIA), a global index industry consortium.

Kim Ki-kyung, Vice President of the Management Support Headquarters at Korea Exchange, and Rick Redding, CEO of the Index Industry Association (IIA), are celebrating KRX's membership in the IIA.
[Photo by Korea Exchange]

The IIA is the world's only index industry consortium, consisting of a total of 17 members, including 9 exchanges such as the U.S. Nasdaq and Japan Exchange Group, and 8 specialized firms including Morgan Stanley Capital International (MSCI), Standard & Poor's (S&P), and Bloomberg. The global market share of exchange-traded products (ETPs) based on member-calculated indices reaches 84.4%.

The Korea Exchange became the third member in Asia to join the IIA, following China and Japan. Through exchanges with advanced index providers, it is expected to jointly respond to global issues and establish a foothold for the global expansion of Korean indices.

Kim Ki-kyung, Vice President of the Korea Exchange, stated, "The Korea Exchange is currently preparing to launch the Future Business Division and is making efforts to advance the index business. Going forward, as a member of the IIA, we will actively cooperate to promote the development of the global index industry."