Korea Exchange Signs Next-Generation Clearing and Settlement System Supply Contract with Thailand Securities Exchange

The Korea Exchange announced on the 14th that it has signed a contract to supply the next-generation clearing and settlement system to the Stock Exchange of Thailand (SET).

SET, established in 1975, is Thailand's first state-owned securities exchange, with a total of 858 listed companies and a market capitalization of approximately $432 billion (about 617 trillion KRW) as of last month.

Jung Eun-bo, Chairman of the Korea Exchange, is holding a New Year's press conference on the 11th at the Korea Exchange in Yeouido, Seoul. 2025.02.11 Photo by Yoon Dong-joo

Previously, in December last year, the Korea Exchange was selected as the final contractor, beating global competitors, in the international competitive bidding for the clearing and settlement system reconstruction project conducted by the Stock Exchange of Thailand.

This contract is a project to modernize the existing clearing and settlement system of the Stock Exchange of Thailand, which the Korea Exchange had built in 2015, into an EXTURE 3.0-based clearing and settlement system. It is significant in that it once again recognizes the Korea Exchange's localization strategy for IT export business and system technological capabilities.

The Korea Exchange expects that this order will further strengthen the position of Korean-style stock market infrastructure in the Southeast Asian region and stated that it will continue efforts to export IT systems to create future revenue sources.