Korea Exchange sets up plan for shorter settlement for stock trading
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The Korea Exchange (KRX) on Monday unveiled a plan to shorten a cycle for stock settlement, in what could be a major overhaul to improve efficiency for the equity market. Since 1972, Korea has adopted a stock settlement system that allows investors to settle their transactions two business days after their trades. Under the envisioned plan, investors would be allowed to settle their transactions one business day afterward, the KRX said in a statement. Relevant authorities plan to complete buildi
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