S. Korea, Taiwan Sign Deal to Cooperate in Etf Market

Stock bourse operators of South Korea and Taiwan have signed a tentative deal to cooperate in the exchange traded funds (ETFs) area, Seoul officials said Sunday.

An ETF refers to an investment fund traded on stock exchanges and represents a basket of stocks that reflects an index, which provides retail investors and institutions with a more liquid and risk-hedging tool.

The Korea Exchange (KRX), South Korea's stock bourse operator, said that it signed a memorandum of understanding with its Taiwanese counterpart, TWSE, on Friday to cooperate in the ETF markets of each...