Busan is good

"Busan to be a mecca of the nation's finance"

Contents

Workers at the KOSPI 200 futures and options division of the futures exchange are proud to be at the forefront of a financial hub of Busan. Until very recently, these people had worked at the Korea Stock Exchange in Seoul but since found a new home in Busan.

They are also the ones that created the KOSPI 200 in 1995, which has since become the world's most heavily traded futures products. Included among the 22 members of the division are two with a doctorate and eight with a master's degree, who are the best experts in the field.

They are also determined to be firmly rooted in Busan and to rebuild the city as a global futures city. For them, the road to Busan has been a bumpy one. Despite being the heroes of the success of the KOSPI 200, they became the victim of the debate over the stock index futures.

As the 2000 enforcement ordinance under the futures trade law specified that all futures trades be conducted at the futures exchange, the futures and options division were left in the air in the midst of the tug-of-war in Busan, which called for a transfer of the stock index futures, the finance ministry, which advocated transfer of the futures and an overhaul of the market structure, and the stock exchange.

When the debate came to an end and the consolidated securities and futures exchange became headquartered in Busan, the division also settled down in Busan.

The source of news : Busanilbo, Tuesday 1 27, 2004, 11:36