Korea Exchange chief vows to launch crypto derivatives in Busan

Jeong Eun-bo, chairman of the Korea Exchange, announced plans to introduce digital asset-based derivatives to establish the city of Busan as a global hub for the derivatives market, The Korea Economic Daily reported. Speaking at a ceremony in Busan on May 6 celebrating the 30th anniversary of the derivatives market, Jeong said the exchange would actively pursue the introduction of such products. He added that the exchange aims to attract international conferences to solidify Busan's position as South Korea's leading financial center for derivatives.