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South Korea launches new stock exchange, Nextrade, to end decades-long monopoly and cut costs.
South Korea launched its second stock exchange, Nextrade, ending a 70-year monopoly by The Korea Exchange.
Nextrade offers 12-hour trading days and lower fees, starting with ten listed stocks, expanding to 800 by March 31.
This move aims to boost competition, reduce costs, and improve trading convenience for investors.
However, concerns about market volatility and foreign investor dominance persist.
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Corea del Sur lanza una nueva bolsa de valores, Nextrade, para acabar con el monopolio de décadas de duración y reducir los costos.