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Korea may list hogs as futures
29 March 2007SOUTH KOREA - Korea Exchange Inc., operator of the world's most active futures market, may list hogs as the country's first futures contract linked to agriculture.
A task force will be formed to address legal and policy issues, as well coordinate with relevant government agencies, the Financial Supervisory Commission said.
Pork, which accounts for 30 percent of the country's livestock, would follow the introduction of gold futures in 1999 as Korea's second type of commodity contract.
Futures linked to stock indexes and stocks account for more than 90 percent of the nation's futures market, the world's most heavily traded by number of transactions.
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Source: The Korea Herald
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