Korea's three futures and securities exchanges are to merge before December 2004 under a government edict to strengthen the markets.
The decision comes after more than two years of lobbying by exchanges and sometimes strikes by labour unions to secure better terms.
The government has decided to merge Korea Stock Exchange (KSE), Korea Futures Exchange (Kofex), and Kosdaq (the over-the-counter stock market) into a single exchange, discarding its previous plan to fold the exchanges into a...