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South Korea's alternative trading proposal gets more support

The plan to launch the first alternative trading system (ATS) in South Korea has further received support from more companies, according to media reports. South Korean brokerages have long planned to introduce a system that would end Korea Exchange's decades of monopoly and reports said that 30 small- and medium-sized brokerages have expressed willingness for the first time to use the ATS if launched. The ATS task force is led by the Korea Financial Investment Association, a self-regulatory body of 525 brokerages, asset managers, and insurers operating in the country. It was created in 2019. All eyes are on whether the launch of the ATS will end the 67 years of market monopoly by the KRX, established in 1956. The KRX takes up a 100% share of the Korean stock market.

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