Son Byung-du, Exchange Chairman, Meets with MSCI Chairman: "Will Continue Sustainable Cooperation"

[Asia Economy Reporter Myung-hwan Lee] The Korea Exchange announced that Chairman Son Byung-doo met with Henry Fernandez, Chairman of Morgan Stanley Capital International (MSCI), at the Seoul office on the morning of the 3rd.

The Exchange explained that during the meeting, Chairman Son exchanged views with Chairman Fernandez on cooperation plans in index business, derivatives, and ESG (Environmental, Social, and Governance) initiatives.

Chairman Son emphasized, "Last year, the collaborative project with MSCI, including the joint development of the climate change index, was successfully completed," and added, "We hope to continue building a cooperative relationship with MSCI, which possesses global business capabilities, in developing new indices and ESG projects."

Last July, the Exchange and MSCI jointly developed a climate change index based on MSCI's low carbon transition score and listed six exchange-traded funds (ETFs) worth approximately 100 billion KRW.

Chairman Son further explained that the Exchange, together with the Financial Services Commission and others, is striving to improve the foreign investor ID system to enhance international consistency, expand English disclosures, and prepare measures to remove obstacles for foreign investors. He also stated that they plan to continuously create opportunities for active communication with global investors.

In response, Chairman Fernandez said, "We hope to continuously expand cooperation between the two companies in various sectors," and added, "Thanks to the efforts of the Financial Services Commission and the Exchange to alleviate inconveniences for global investors, we expect the accessibility of the Korean market to improve significantly."

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