The Korea Exchange, South Korea’s bourse operator, said Tuesday that it had signed an agreement with S&P Dow Jones Indices to collaborate on globally marketing the KRX indices and on new index development.

With the agreement, the KRX will be able to use S&P Dow Jones Indices’ experience in global sales and marketing, enabling promotion of the KRX indices such as the KOSPI 200 to overseas investors.

The two parties also agreed to develop new indices to meet growing demand for foreign indirect investment into the local stock market, the KRX said.

“With the agreement, foreign investors have greater access to Korean stocks, the Korean capital market’s global awareness will be raised and more foreign capital inflows into the local stock market are expected,” the bourse operator said in a statement.

Meanwhile, on the same day, the KRX said newly developed stock indices tracking high dividend-paying stocks have outperformed other existing peers this year by delivering higher returns.

Late last month, the KRX, the country’s bourse operator, unveiled four new indices tracking dividend-paying stocks to support the government’s policies aimed at encouraging companies to increase their dividend payouts.

(From news reports)