The Cambodian goverment is working to start of stock exchange in Cambodia

KRX Kicks Off Project for Cambodian Bourse

Lee Young-tak, right, chairman and CEO of the Korea Exchange (KRX),
poses with Hang Chuon Naron, visiting deputy secretary general of the
Cambodian Ministry of Economy and Finance, at the KRX office in Yoido,
Thursday.

The Korea Exchange (KRX) said Thursday that it and the Cambodian
government have started work to jointly establish a stock market in
Cambodia.

High-ranking officials from Cambodia Thursday visited Korea to start
negotiations on the construction of the exchange, according to the KRX.

Hang Chuon Naron, deputy secretary general of Cambodian Ministry of
Economy and Finance, led the delegation.

``The joint project will gather speed with the Cambodian delegation's
visit,'' the KRX said.

The KRX signed a memorandum of understanding with the Cambodian
government last month to establish a stock market in the form of a
joint venture.

The agreement calls for the KRX to provide consultations on the
establishment of a trading system and related rules over the next three
years.

In return, it is entitled to a stake in the market, with the exact
amount of shares to be decided later.

The Cambodian delegation will also visit the financial regulatory body
to learn stock market supervision rules during their three-day visit.

The KRX plans to expand its presence in the Southeast Asian market as
part of efforts to expand overseas. It has recently exported the
nation's bond trading system to Malaysia.

It has plans to export stock trading and supervision systems to
Thailand, Vietnam and Indonesia, as well.

The KRX struck a deal with Singapore Exchange Ltd. (SGX) last month to
allow securities-related products other than KOSPI 200 future options
to be traded on both markets starting in 2008.



jyseo@xxxxxxxxxxxxxxxx

12-21-2006 18:55

.