Korea Exchange chief discusses investment in South Korean market with CalPERS
Korea Exchange Chairman and CEO Jeong Eun-bo held talks with Stephen Gilmore, chief investment officer of the California Public Employees' Retirement System (CalPERS). The meeting aimed to encourage more active investment in South Korea's capital markets, Korea Herald reports, citing the exchange operator.
Reforms and investor interest
During the talks, Jeong Eun-bo presented progress in capital market reforms being pursued by the South Korean government and Korea Exchange, and also emphasized the investment appeal of the Korean market. Stephen Gilmore outlined CalPERS' views on South Korea and the areas of investment interest to the fund.
CalPERS is the largest public pension fund in the United States. As of June 30, the fund managed approximately $637.1 billion in assets.
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Roadshow in New York
As the exchange operator explained, the meeting was part of Korea Exchange's broader efforts to develop ties with global institutional investors and attract foreign participants to the Korean stock market. Jeong Eun-bo said the exchange would continue engaging with major global pension funds and other long-term investors, including CalPERS, to deepen their understanding of and interest in South Korea's capital markets.
On Thursday, Jeong Eun-bo is scheduled to hold a Korea Exchange global roadshow in New York for institutional investors, including asset managers and hedge funds. On the same day, he plans to sign a memorandum of understanding with the New York Stock Exchange on cooperation in market operations, including extended trading hours and a transition to a T+1 settlement cycle. If necessary, the sides also plan to establish a joint working group to support the cooperation.
