Exchange Holds 10th Anniversary Ceremony of KRX Oil Market Opening... "Efforts to Revitalize the Market"

On the 31st, Jo Hyo-je, Head of the Derivatives Market Division at Korea Exchange (fourth from the left), and distinguished contributors attended the '10th Anniversary of KRX Oil Market Opening' ceremony held at the 63 Building in Yeouido, Seoul, and took a commemorative photo after cutting a rice cake cake. / Photo by Korea Exchange

[Asia Economy Reporter Lee Myunghwan] The Korea Exchange (KRX) announced that it held a commemorative ceremony on the morning of the 31st at the 63 Building in Yeouido, Seoul, marking the 10th anniversary of the opening of the KRX Oil Market. The event was attended by distinguished contributors to the oil market and top-performing trading companies.

The event was held to celebrate the milestones of the KRX Oil Market, which opened in 2012 and has contributed to establishing the distribution order of the domestic oil market over the past decade, and to wish for its continued growth as a successful government policy market.

At the ceremony, six institutions and individuals who contributed to establishing the distribution order of the oil market were awarded commendations for their service.

Cho Hyoje, Head of the Derivatives Market Division at the Korea Exchange, stated, "We will continuously strive to revitalize the market so that the KRX Oil Market can establish itself as a successful government policy market."

The Exchange plans to continue working with the government and industry to implement various institutional reforms, including expanding tax incentives and reducing fees.

This content was produced with the assistance of AI translation services.