Seoul - Yonhap
South Korea\'s bourse operator said Tuesday it has signed a deal with S&P Dow Jones Indices LLC to exchange financial know-how and expand its presence in the global market.
The Korea Exchange (KRX) signed a memorandum of understanding with the world\'s leading financial index provider, which will see the local bourse operators\' indexes promoted to the global market by utilizing S&P\'s global networks.
The two also agreed to exchange knowledge concerning financial markets, and exchange workforces to forge a stronger tie.
The KRX added it plans to establish a task-force team to renovate its index systems to meet standards of the latest trends and commence joint projects starting next year.