Aim at Emerging Markets

Korea Securities Dealers Assoc to support its member firms advancing into emerging markets

Korea Securities Dealers Association(KSDA) will provide strong support to securities firms hoping to set up overseas operations in emerging countries to take advantage of the new Capital Markets Consolidation Law ready to be enforced from February next year, the association said recently.
The association will change the role of its international dep't of the Market Survey Division and become the emerging market advancement support center.
The center will provide the securities market situations in foreign countries and accept the cases of problems that its member firms face overseas so that the association can provide systematic support to its member firms making advancement into emerging market countries.
The center will collect various problems that member firms face in entering emerging markets in terms of law, and system and also suggestions and contact the related authorities in the country as well as those in foreign countries.tner for Global Business"as reflected in its vision by continuously foste
The center plans to issue reports on 9 emerging markets in the world starting with "the Current Status of the Financial Industry and Financial Market in Turkey."The center will make similar reports on Kazakhstan, Hungary, China, India, Malaysia, Indonesia, Thailand, the Philippines this year.
The reports will include such details as economic conditions, industrial trends, financial industry, financial market conditions, tax, and regulations on foreign investment and other vital information that the securities firms that want to set up overseas operations need.
KSDA will also dispatch a delegation of CEOs of securities firms to emerging market countries and meet with appropriate authorities and leaders of local securities firms in those countries to pave the way for Korean securities firms to advance into those countries.
Since 2006, KSDA has been training employees of securities firms in the emerging market countries'about 30 of them every year under its "Korean Capital Market Training Program"to build a network of cooperation through them in those emerging markets.
In consideration of China's huge potential as a financial market, the association has been exchanging delegations of leaders of securities industry in both countries every year including their visits to securities firms and related government authorities and holding seminars to strengthen the tie between the securities industries in both countries.
Director Park Byung-moon of the association said securities firms have been making advances into emerging markets with large potentials, but they have had many problems due to the lack of information. KSDA will operate the support center and issue reports on emerging markets to be of help to those firms.
KSDA officials said there have been many problems in getting their hands on information on emerging markets overseas due to the lack of statistics, inaccuracy, the English language publications, among others. KOTRA has many offices overseas, but it has not many financial experts. Not many securities firms have been able to set up operations overseas.
As means to build cooperative network in the emerging markets that Korean securities want to enter, the association launched an annual program to exchange visits of leaders of securities industries in Korea and the emerging markets. The association began to operate a training program for employees of securities firms in the emerging markets.
The support center will systematic support to member firms to enter the emerging markets. The center will receive any cases of problems from member firms and turned them over to appropriate government authorities and also discuss them with appropriate authorities in the countries in which Korean securities firms operate like a middle man. nw

Chairman Hwang Kun-ho of Korea Securities Dealers Association.

This is the graph showing the movement of stock prices in the past six months.