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Choi Kyung-soo |
The Korea Exchange, the Seoul’s main bourse operator, plans to appoint an ex-Hyundai Securities Co. head as its new chief amid looming controversies, market sources said Wednesday.
The KRX is expected to elect Choi Kyung-soo, who headed Hyundai Securities between 2008-2012, on Thursday as the chief, after previous President Kim Bong-soo resigned from his position in the middle of his term in June.
After being nominated as the new head at a KRX’s shareholders’ meeting, the decision must be approved by the head of the Financial Services Commission and President Park Geun-hye. The bourse operator was designated as a public organization in 2009.
Market watchers expect that the KRX’s system manager, Koscom Corp., and its subsidiary, the Korea Securities Depository, will also speed up procedures to elect their new heads, whose seats have been vacant since June and August, respectively.
(Yonhap News)
