KRX’s Overseas Businesses Turn ‘White Elephant’ Amid Losses

SEOUL, April 16 (Korea Bizwire) — The overseas businesses of South Korea’s main bourse operator Korea Exchange (KRX) have become “white elephants” amid consecutive annual losses, industry watchers said Sunday. According to the bourse operator’s annual report, the Lao Securities Exchange (LSX), where the KRX holds a 49-percent stake, posted a net loss of 1.8 [...]