Korea Exchange (KRX)
KRX was formed by the integration of the three existing Korean spot & futures exchanges, which are Korea Stock Exchange, Korea Futures Exchange and Korean Securities Dealers Automated Quotations (KOSDAQ), under the Korea Stock & Futures Exchange Act. The securities and futures markets of former exchanges are now operating as the business divisions of the KRX: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of 31 December 2007, the Korea Exchange had 1,757 listed companies with a combined market capitalization of $1.1 trillion.