Taiwan, South Korea to launch mutual ETF listings in October

Focus Taiwan
Date: 2016/09/24
By: Tien Yu-pin and Frances Huang

Taipei, Sept. 24 (CNA) Taiwan and South Korea will begin mutual listings of exchange traded funds (ETFs) in each other’s stock market in October, according to the Taiwan Stock Exchange (TWSE).

The TWSE, which operates Taiwan’s main stock market, said the mutual ETF listings in Taipei and Seoul will start on Oct. 7, less than a year after the TWSE and the Korea Exchange (KRX) signed a memorandum of understanding in December to forge closer cooperation.

To boost interest in Taiwan’s ETFs among South Korean investors, the TWSE teamed up with the KRX to hold a seminar in Seoul on Sept. 22 to brief potential Korean institutional and retail investors on Taiwan’s equity market.

According to the TWSE, the “Taiwan Day in Korea” seminar received a warm reception, with about 100 Korean investors attending the meeting to gain a better feel for the market in Taiwan.     [FULL  STORY]