Securities Market Export

Korea Exchange Chairman Choi Kyung-soo (left) shakes hands with Araz Aliyev (right), general project manager of Azerbaijan's State Committee for Securities.
Korea Exchange Chairman Choi Kyung-soo (left) shakes hands with Araz Aliyev (right), general project manager of Azerbaijan's State Committee for Securities.

 

Korea Exchange (KRX) Chairman Choi Kyung-soo attended the launching ceremony to modernize the Azerbaijan Securities Market, which was held in Baku, Azerbaijan, on Feb. 25. 

Azerbaijan, one of the major oil producing countries, is the region that can serve as a bridgehead to Eastern Europe. Therefore, more and more people are paying attention to whether it can accelerate KRX’s IT infrastructure exports through this. Azerbaijan is the first country to which the KRX has exported the EXTURE+, the next-generation system developed by the KRX. 

The KRX will provide the EXTURE+ package, a trading, market oversight, public posting, distribution of information, liquidation, and payment system to Azerbaijan. 

The KRX previously won contracts for IT infrastructure construction projects in Cambodia, Laos, Vietnam, and Uzbekistan. 

Also, the KRX is planning to spur the diversification of exporting nations to Eastern Europe and the Middle East. It is aiming to accomplish the sales of 300 billion won (US$273.1 million) this year by exporting the IT infrastructure of the securities market.

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