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LuxSE recognised as ‘major overseas market’ for corporate issuers in South Korea
22 January 2025
LuxSE recognised as major overseas market in South Korea

The Luxembourg Stock Exchange is now included in the list of ‘major overseas markets’ in South Korea, unlocking new opportunities for publicly listed South Korean corporate and financial institution issuers to access international capital markets and benefit from LuxSE’s FastLane listing process. 

The Financial Supervisory Service of the Republic of Korea (“Korea”), in consultation with the Financial Services Commission and the Ministry of Strategy and Finance, the relevant ministry, now recognises the Luxembourg Stock Exchange (LuxSE) as a ‘major overseas market’ under the Detailed Regulation on Issuance, Public Disclosure of Securities, a subordinate regulation of the Capital Market and Financial Investment Business Act of the Republic of Korea.

Designated as a ‘major overseas market’, LuxSE is now an eligible listing venue for South Korean corporate and financial institution issuers to issue and list bonds on. This recognition further solidifies LuxSE’s leading position in Asia, opens doors for South Korean issuers to access more diverse funding opportunities through the exchange, and gives international investors new opportunities to invest in the East Asian nation.

Connecting South Korean issuers to global investors

This decision by the South Korean financial authorities marks an important step in LuxSE’s mission to facilitate international issuances as the world’s leading exchange for international debt securities and make global capital markets more connected. Through this new status, LuxSE can now provide private sector South Korean issuers with enhanced exposure to international investors.

The designation as a ‘major overseas market’ by the South Korean government and financial authorities reflects LuxSE’s international footprint and its leading position as the gateway to international investors for financial markets across Asia.

In 2024, South Korea remained the second-largest local currency bond market in East Asia, according to Asia Bond Monitor. Improved access and connectivity to international capital markets is therefore crucial to the growth of South Korea’s foreign currency bond issuance market and the expansion and growth its capital market.

Addressing this important development, CEO of LuxSE Julie Becker said, “We are honoured to be recognised as a ‘major overseas market’ by the financial authorities South Korea. This is a testament to the global recognition of LuxSE and our role in uniting international capital markets to benefit both issuers and investors, and we look forward to facilitating the growth of South Korean capital markets through listings at LuxSE.

Accelerated listing process

As part of this new development, LuxSE’s FastLane listing service will be extended to entities publicly listed on the Korea Exchange (KRX), an offering that was previously available only to sovereigns, sub-sovereigns and agencies (SSA) issuers in Korea. KRX is the sole securities exchange operator in South Korea, headquartered in Busan and founded in 1956.

Launched in 2022, FastLane is a streamlined admission process on LuxSE’s Euro MTF market, offering simplified and quick access to European investors. FastLane accelerates the admission process for listings on Euro MTF by introducing an exemption from the formal prospectus approval by LuxSE, which is applicable to eligible issuers and securities including a range of South Korean issuers of debt securities.

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룩셈부르크 증권거래소(LuxSE), 한국의 ‘해외주요시장’으로 공식 지정
Read this press release in Korean
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