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Korea Exchange CEO seeks to transform bourse into holding company

Korea Exchange's newly appointed CEO is keen on transforming the bourseinto a holding company with a few subsidiaries, Yonhap News Agency reportedOct. 5.

Jeong Chan-woo said it is important to raise KRX'sprofitability through the diversification of business models. The shift to aholding company would also help the bourse survive the rapidly changing market.

KRX has sought to go public and become a holding firm, but arelated bill failed to pass the previous session of the country's NationalAssembly, according to the report.